I am no expert, but you should not be gambling...yes gambling your 60 grand on this ETF. I just started trading it a few months ago and have learned not to stay long. I have made some gains long, but more short. Not telling you to day trade. Buy something of value...like a real stock. Practice with UVXY in small lots...long and short if you want to day trade, but do not go all in with this trash. I play this like blackjack...for entertainment. My core investments are in stocks...companies...that pay dividends and have value.
If you are looking for a large gain, pick a speculative stock and put some money into it. Not a bunch...have a balanced portfolio. Put maybe 5 percent in a speculative play and balance out the rest. Do your DD before investing in any stock....do not pay attention to the message boards. And....always keep cash in reserve. Do not go all in with your portfolio. Just my humble advice.