Damn, I finally averaged down with UVXY last night. I am not particularly keen on averaging down with long trades because it means that my original decision to buy was far too early, or in the worst scenario ... completely wrong.
Still, the implications in the NYSE Margin Debt vs SPX chart from my 24-Feb post have not changed, and averaging down very close to the UVXY 12 month low cannot be all bad ... or can it be a disaster?
