Here’s what I sent to subscribers:
If VXX opens above yesterday’s low at 30,34
entry SHORT UVXY or TVIX or (VXX) at the market at today’s market open at 9.30 AM EST.
Stop Loss = 30% or (20%) 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).
Have a good trading,
A small losing day, but reduced trade size cut the loss to 1,42% instead of 1,9%.