Category Archives: Victory

Mille Grazie!

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Wow, the Slope saved me yesterday!

When UVXY was grinding along at lifetime lows, I thought, what the heck, I’ll give this a whirl. I had never bought this supercharged volatility ETF before.

I bought it, and it sank a little. I rolled my eyes and moved on with my day. But then it started firming up, and then profits just soared. The chart below tells the whole story. I excitedly put a message in the comments section.  Dollar and InflationBomb splashed cold water on my face. And I decided to heed their counsel, seize the easy profit, and run (the green area shows approximately my holding area). I was nervous Greece might surprise us (HA HA HA!) but figured better safe than sorry.

0715-mille

You can, umm, kind of see what happened afterward. “Widow Maker” indeed.

Some people think the comments section can be noise, or even deleterious, to good trading. I personally like to hear what other people have to say, and once in a blue moon, I actually get it through my thick skull to listen! Thanks, guys.