Seeking Alpha
  • brendang0027
    Bought $UVXY at 54.68. Does most folks here suggest Stop or Stop limit between 2% and 6%. Say... 51.68 or so, or even tighter? Volatile
    7/8/13
    Reply (4)
    • Ocean Man: Since it's a 2x leveraged fund, one strategy is to only put a 1/2 position at risk but set your stop twice as low as on a normal stock buy.
      7/8/13
    • Perkins Cove: Not a good time to buy $UVXY for anything more than a day trade IMO....http://yhoo.it/12AkC0q;c=
      7/9/13
    • Perkins Cove: Would wait for the VIX to get closer to 12-13 first. Consider XIV instead. Good luck BG, OM, det9 and other swingers. Kenny Rogers sings...
      7/9/13
    • Perkins Cove: (should mention I realize OM and others sometimes are using UVXY for hedging. That puts a different perspective on it, IMO)
      7/9/13
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