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 100% of your account for this trade.
If at the close VXX is 5% above today’s VXX opening price, leave 75% of the equity invested (75% of all the account) untill tomorrow’s open at 9.30 AM EST and close 25% of the equity (25% of all the account) at today’s close (4.00 PM EST),
OTHERWISE close 75% at today’s close (4.PM EST) and only 25% at tomorrow’s open (9.30 AM EST).
Finally a good bearish day for vix etps: profit of 2,21%.