UVXY Decay
Anyone who thinks it's a good idea to hold UVXY, you need to look at the long term charts. The decay on this is horrible.
You can however make a lot of money if the market tanks, but you need almost perfect timing. Not something I would hold unless I was sure the market's gonna tank.... at that point you might as well buy put options on stocks anyways,
You can however make a lot of money if the market tanks, but you need almost perfect timing. Not something I would hold unless I was sure the market's gonna tank.... at that point you might as well buy put options on stocks anyways,
Note
As I was saying, you need absolutely perfect timing to make any money off this. It's for short term trading only. Day trade.... or couple of days at most
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.