This is the right attitude. Treat it as a hobby. For all the grandstanding here I am not sure anyone consistently makes money off UVXY. There was a guy Tinger on the VXX board in 2010 and 2011. He had turned 25K into 100K, a little more than that actually. By the end of 2011 he had lost all his profits and his initial investment and owed his broker money besides.
Bottom line: The market is wild and unpredictable. It seems that VXX and UVXY are guaranteed to make people money. That's because we've been in a bull market the whole time they have existed. What happens when it reverses? Who knows, but I would bet some people here will be completely ruined by it. That's the game.
Yes this is all true. Part of it is, I have no choice. If I dwell too much on losing money that I can never get back, it'll make me even crazier. Don't get me wrong, I hate these criminals and wish them nothing other than rotting in a hole in the Chinese desert. I just can't do anything to make that happen.
This was a soul crusher. Between this and VXX (way back in 2011 when I was short and it tripled) I took myself out back and shot myself. Well, it's only money. Remember 2 billion people in this world never have a dime to their name. Why should we be any different?