UVXY Question – Eagle
Sorry….I cant ever get replies to work on this computer hence the new post which really should be a comment on your last one.
So what’s your timeframe for trading UVXY? I see it was at $42 yesterday and now $31 today. I saw a 5-minute bar yesterday where it swung between $41 and $38. How do you set stops? It jumps so much within only 5 minutes I don’t see how anyone stays in the trade. I was just curious how you manage these UVXY trades.
Edit: Thanks Eagle. Makes sense. (Still cant get comments to show).
You comment posted Mark
Mark, I use the 13/34 EMA cross to get into UVXY on the 5 minute…Pure momentum play…do not trade unless I can monitor…In a strong run UVXY will stay above the 13 and 34 EMA and bounce between the bollingers.
Gotcha. Do you ever hold it overnight?
http://stockcharts.com/h-sc/ui?s=UVXY&p=5&yr=0&mn=0&dy=4&id=p63007680934&a=410766998&listNum=1
Thanks Eagle. Makes sense.
Rarely, do I hold overnight