I jumped in a little early thought market was going up. I got 2000 shares at 21.60. Then it fell. New to your board any thoughts on tomorrow. I have traded UVXY for a while guess I picked the wrong day to switch teams.
Please sell it sir... Buy a subscription to investors business daily web site, and know what corrections look like and sit out... You dint loose that much yet... You will kill yourself if you dont sell... I can promise you with 100% certainty the market is going down big time now. Re buy on a confirmed up swing.... Its not going to leave you, I promise... Just sell... I do know where the market is heading, s and p 1500 is first target, thats 200 day on the daily... Your lucky you had me comment also.
You're never too early here; you just need patience. The chart tells the story. Use volatility as a buying opportunity. No one knows where the market will go. Maybe it will rebound tomorrow and keep rising until December. Maybe it will continue down for a week, a month. You have to either set a stop loss to get out after a certain percentage, or have a plan to average down during declines. I'm staying in XIV, and will keep buying throughout the entire correction. Don't buy more when the market looks like it s going up, buy more when you're afraid to buy.
Why!!! buy a subscription to investor buss daily, they tell when the market is in correction, and they tell you to sit out, and they tell you the day it enters an uptrend and tell you to buy.... Dont do something so dumb, you never know where the market can go, but you do know when its a correction or a uptrend.. heck how about if you had that mentality in 08 man...