slambooy

slambooy t1_j2f4ee0 wrote

Lol “it’s a scam”. Clearly you have no idea what UVXY is. Sound like those guys on stock-twits that yell “ManIpUlatiOn!!” Haha y’all are funny. It does exactly what it is supposed to do. Read the prospectus and learn how the instrument actually works. It’s a perpetual short

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slambooy t1_j2algq3 wrote

Yeah.. just a heads up to turn $500 into tens of thousands you’d need to 20 times UVXY from here. Mathematically impossible. Contango, VIX is already elevated….. plenty have come to play UVXY long and they keep averaging down and lose it all. It’s a decaying asset meant to go down forever. Better off shorting any and all pops. It’s down 48% YTD and the spy is down 25% or something. That was long winded. Have a great new years!

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