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So should I buy Tesla or too late ?
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Maybe I'll avoid bounce tonight, maybe not
Yikes Ella lol

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Is TSLA going to be the catalyst?
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IDN up 15% today, was a great call out
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UVXY is a weapon of financial destruction. I’m like you and held some for months last year and lost a lot of money because I didn’t know what I was doing.
I wouldn’t use it as a standing hedge as it’s value decays too quickly. Use it sparingly and is short bursts.
Mentor
Index credit spreads are a good hedge. I know I keep saying it and it's like beating a dead horse, but otm 30dte have been pretty good. People will be surprised what offsetting your deltas can do
Uvxy is typically a hedge for overall portfolio volatility. As long as you put a small portion of your portfolio in uvxy, it’s ok but don’t put much more.
Also VIX is in pretty extreme contango right now, so it's going to lose value from rolling their VIX contracts regardless of how VIX does
Hold til the next crash, might be a decade but at least you won’t lose money
Look at the split-adjusted 5 year chart. The recent crash sent UVXY from down 99% over years to down 90%...it reaches the point of no return pretty quickly
Visual Storyteller
Sell. I bet news on the stimulus will come soon and that’ll probably lower it even more