Here’s what I sent to subscribers:
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 account 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’s open at 9.30 AM EST and close 33.33% of the equity (25% of all the account) at today’s close (4.00 PM EST),
otherwise close everything out at today’s close (4.PM EST).
The fourth loss in a row: -1,14%. Every drawdown has an end. We just need to be consistent and trade the system again and again.