UVXY : PHASE 3 - HIBS SPECIAL EDITION *sigh*
HIBS announced a reverse split, and despite how much I want to short High Beta stocks collectively -
I never trade through splits, earnings, or anything of the sort ... no matter what
just of my 'rules' if you will, I closed my position just before posting this with about a 2% loss
If you have a position, I wouldn't fret too much, it's not till 1/11/2021 so... regardless, im outta there!
I'll take this opportunity to briefly explain how I trade-
I am often times 'straddled' (I play both ways 24/7.. just a matter of which side is bigger), never letting a single position get above 23% of my portfolio ...
(I will make an exception on the 23% rule if I see an opportunity of a lifetime on the long side )
I love short selling, for one reason, It gives me the opportunity to build size in my position for cheaper, while others are losing money
going all in short is a good way to lose money
most of the time
anyway.. thats the HIBS special edition,
now for what we are all concerned about
Vol (:
So, on the long term frame (weekly) we are beneath the fib circle that sent us to the moon... however, as you as see above ^ on the 5 min we are holding that fib circle time and time again
if a break beneath that fib circle I'll be looking for sub 10 to realllllyyy start getting some size down here
at the end of the day
the best place to load will end up being at a new all time low on vol
the cheapest ever!!!!! It baffles me that we actually might get there, but hey,
in the worst economy the U.S. has ever seen
I really wouldn't mind the opportunity
I'm still mostly cash- really only scalping the mkts until an opportunity arises
--
I would like to add: OPEC is also increasing production, with talks of lockdowns resurfacing, and holiday shopping coming to an end...
Negative CPI is right around the corner
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Is a long term volatility bull market coming?
(:
GL!
