Here’s what I sent to subscribers:
If VXX opens above yesterday’s low at 30,83
entry SHORT UVXY or TVIX or (VXX) at the market at today’s market open at 9.30 AM EST with 100% of your equity otherwise if VXX opens below 30,83 entry with only 50% of your equity.
Stop Loss = 30% or (20%) from the entry price.
Take Profit = None.
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, otherwise only leave 25% of the equity invested until tomorrow’s open.
Have a good trading,
Just a bad 7% loss. Unfortunately, they are part of the game.