At what time in days/ % down you cutoff uvxy stock losses. Been bagholding at 15 from July last year. It was suuppose to be short term investment but didn't cut the losses at time. Uvxy is ATL, should I avg down or sell the loss making one and eat up losses.

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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.

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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.

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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

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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

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Sell. I bet news on the stimulus will come soon and that’ll probably lower it even more

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