who shorts a ETF, near its all time lows? i tried to short XIV, at 13.87 but couldn't get shares from the cheapo scottrade, discount brokerage co. but to short UVXY at , 5.58 even though it was holding up on a 100 pt gain day, is not to bright, jmo
I admit it was a bad entry. I watched S&P rally pass 1400 and took a bet. It’s just not my day. Not too often market up big and UVXY up bigger. Market might be on the edge of rolling over and that’s probably why UVXY is up. This might turn out to be a losing trade. But you need to remember, there’s no bottom for this POS. Everyone thought $7 was the bottom, now it’s at 6. This will go r/s this year if crooks keep holding market up. If I have enough cash, I’d short the s out of this thing and come back a year or two.