Entry SHORT VXX or (UVXY) at today’s markets open at 9.30 AM EST.
Stop Loss = 20% or (30%) from the entry price.
Take Profit = None.
Money Management: Use only 75% of your equity for this trade.
If at the close VXX is 5% above today’s VXX opening price, leave 66.67% of the equity invested (50% of all the account) untill tomorrow open at 9.30 AM EST, otherwise close everything out at today’s close (4.00 PM EST).