Shorting an uptrending market is one of the toughest, most dangerous things you can attempt. Shorting after a rally upward within an overall downtrend is less risky than “top calling” which almost no one can successfully do.
And I now like UVXY better than SPXS. It doesn’t erode quite as bad on the downside, yet has great upside. But what I said above, still stands. I’d not suggest shorting an uptrend.
Yep. The natural inclination is to try to short tops. However, almost no one can call a top or bottom ahead of time. So it’s best to let the market turn and start with the “lower highs” of the new downtrend instead. With buying calls/buying puts, it’s best to stick with the overall momentum of the prevailing trend.