26Mar10:47 amEST
Scale and Trail a Tough Trade; Chess Move
I just sold off another piece of my UVXY long at $16.25 from my posted $15.53 entry yesterday. After taking day-trade partial profits into the bell yesterday,
I now am down to 1/3 the size of my original position now, and raised my stop-loss to my entry price to prevent a winner turning into a loser.
Going long volatility is always a tough, very short-term trade in nature. So when I find gains I will certainly worked hard to protect them.
As for the rest of the tape, LULU and CNAT are some upside movers of note, with the former potentially being a swing long candidate if the market rallies and the latter a day-trade idea for active traders into the huge gap up. Natural gas looks close to breaking the series of well-defined lows we looked at a few days ago, which means UGAZ is still off-limits to me but DGAZ might be in play.
Stock Market Recap 03/25/15 ... Sliding Into an Obvious Base...