Last Thursday I told you that my system was giving me a short signal after 19 days long. I also said I would need to wait until the end of day to confirm. There was a bounce that day and the signal came end of Friday. Now the same system is turning to long. There is probably a little bit more downside here for at most 2 days. By the end of the 2nd day, switch your short to VXZ. This will probably overperform short VXX in the next days. You can be safe with 200% of your account on it, this has much less upside than VXX.
Please consider my advice and remember that even 5% gain/month is a huge deal.
I was very happy to be 300% short VXX on Monday morning. Unfortunately I covered before the close and missed out on the big drop this morning. He just needs to put in a stop at break even to protect himself.
Welcome to the smart side of the trade! Glad you learned from your mistakes, otherwise your losses would have been a complete waste. Try not to get tempted by VXX and UVXY's crazy runs, don't listen to greed, don't be too sure of yourself (and never sell naked calls/puts), and take comfort by the fact that VXX and UVXY are guaranteed to decline. When VXX and UVXY rally, it should only be viewed as an opporunity to short...