I'm waiting for a reliable setup similar like these ones (in red square) in order to short this market, but I guess I might not see one until this afternoon or tomorrow. Let's wait patiently for now.
I believe that good timing skills + good risk management skills = good returns (no matter what product you choose to trade with). As long as you know clearly what you are doing and why you are doing it, then you can manage yourself to avoid lot of troubles.
Trading UVXY is similar like trading options, except that it won't expire within certain periods. However, it does have time decay problem where you will end up to lose ~12.5% per month. Speaking of which, I trade UVXY only when my signals are quite reliable. Else, I trade others 3x ETFs such as SPXL or SPXS
I don't usually disclose my trading activities for ETFs related in other trading accounts because a) less fun and b) they are for short-term holdings. If you guys are interested to know when I buy/sell UVXY, SPXS or SPXL, then I don't mind to do it