I hope you sold that TVIX and got over 190 for it. Those ponies are not for holding and that one is a real whore. Not my term, a professional trader used it.
UHHH..... no. Didn't sell it. Held it thru the weekend.... crazy huh?
I don't think the selling is done.... not by a long shot. So, let it ride. It doesn't matter, I bought shares at 78, And have a stop limit at 100, so either way I'm not gonna lose money.
I was taught the market looks six months ahead. The Dems have unified behind Biden and I doubt Trump has any chance of re-election. Bye bye tax cuts. Bye bye free money sugar and stock buy backs. Hello regulation. Hello you gotta clean your mess up. Even without the virus this market was heading down.
The corona virus will be a Black Swan event. Look at Italy.... that'll be us soon. We're not ready for this, and the idiot in charge is gonna make it worse. Sorry to get all political, but I don't think it's gonna end well. Reflecting that, right now, TVIX still has a lot of room to run.