IN 18 DAYS THE S&P GOES FROM 1400 TO 1485 & UVXY GOES FROM $29.20 TO $11.56
SO IN A BULL MARKET PEOPLE ARE GOING SHORT BY BUYING A VOLATILE PRODUCT THAT DOESNT GET VOLATILE? if you buy a drill that doesn't drill , would you buy another one, of the same make and model? why do people keep buying a volatile product that doesn;t act right? easy, they enjoy pain, they enjoy losing $. reearch what sectors are trending and doing well and c/o those on pull backs, UVXY is a broken product,stay away!jmo
Jon (joeyb?) your public service announcements have probably saved a few lookers, or at least contained some damage. Your advice on equities is spot on.
I've done OK with UVXY, but it takes discipline.