My plan with UVXY has been to hold it through the wild gyrations in my endeavour to capture the big breakout that I am expecting. However, on Friday night I changed tact when it became evident that the UVXY would probably swing low again. Hence, I closed my UVXY long trade for a modest 11% profit with the intention of buying back in again sometime in the next week, and hopefully at around my previous buy price of sub 24. I also closed my VIXY and SPXU long trades on Friday night for modest profits each.
Not sure about the Eastern States, but we have a long weekend here in the West. Hence, as the weather is a bit rough as well, I might put some time into researching other types of ETFs as I am warming to the benefits of ETFs in general.
