UGAZ
Already dropped from $6.52 to $3.86. The damage has been done (-41%). If you aren't on margin, you shouldn't cut the loss right now. I'll talk about my UVXY story after this post. I understand it is the pain, I suffered many times during this year. First of all, you should only use the money you can afford losing to trade these 3x, not your house downpayment, your life savings, and retirement money. Giving yourself a chance to see what will happen in the afternoon. Then, we decide what we will do. Personally, I haven't sold a single UGAZ and UVXY, including my mom and aunt's big account.
JDST/JNUG
Both are trading in a range we shouldn't get involved. JNUG is already too high. And, JDST could go back to high $26s or new low. STAY OUT.
UWTI
I see UWTI will drop more. I said that on Fri. The buy target will be around $8.60. I've been on the phone all morning. I haven't really look into this one. At this point, please wait. DWTI could go higher in a few days, but the profit maybe just about 6-7% from current level. So, I'll stay out on DWTI and waytch UWTI.
UVXY
It is hanging above $29. SP 500 is down just 5 points. Whoever already bought UVXY last week should just HOLD. I ain't sure people should add more UVXY or not coz the market could go up or drop more in a sudden. If you do want to give UVXY a shot, you can, but watch your funds management. People bet so heavy on UGAZ and took a big loss on Fri and this morning. It is a great lesson to learn. I'm so sorry. I can only show you guys what I know and what I will do.
