I spent quite a bit of time building numerous watchlists on MLP’s in various sub-sectors yesterday & today and I’m working on narrowing down a watchlist to some of my favorite setups which I will be posting soon. Here’s a comprehensive listing of MLP’s, many of which are midstream companies. https://eic.energy/uploads/MLPsOnExchanges_01032020.pdf

..As well as some MLP & MLP related funds & indices: https://eic.energy/uploads/MLPFundList_01032020.pdf

I was also long those and/or quite a few other indexes & sectors off the Dec lows & also sold way too early but hindsight is 20/20 and even to go back then, I stuck to my trading plan & booked profits when the price targets on those swing trades were hit.
Again, in hindsight, I wish I had seen enough evidence in the charts to convince me to tuck those longs away but my primary style is swing trading, with holding periods typically measured in weeks to month: In, out & onto the next trading opp. As far a 50% loss, that wouldn’t have come from any of the trade ideas posted here. While I took a few shots at posting official short trades on the indexes since closing out those longs off the Dec ’18 lows, all were stopped out with relatively small (<10%) losses with the vast majority of trade ideas in 2019 & 2020 so far, long-side trades.
I'll do my best to keep a diversified mix of trade ideas flowing & just keep in mind that some of the most important aspects of trading are: 1) Having a trading plan for every trade, 2) sticking with that trading plan unless something compelling in the outlook for the trade convinces you to modify the plan 3) proper asset allocation and diversification among various stocks, sectors, etc..and 4) proper position sizing relative to your total portfolio (e.g..- don't put 1/2 or more of your $$ in TQQQ or SQQQ & let it ride). 5) Learn from your mistakes as not to repeat them.

I remember your posts on TVIX last year & sorry to hear that you were stung so bad on that one. Keep in mind that previous official trade on the $VIX from last year was entered at $22 and hit the suggested stop of a daily close below 18.48 for an 8.1% beta-adjusted loss (23.1% loss X the suggested beta-adjusted position size of 0.35): https://rightsideofthechart.com/tvix-stopped-out-for-8-beta-adjusted-loss/
If there is ever an ETF/ETN that one should let run against them without using stops, TVIX would be right up there at the top of the list. Expensive lesson to have learned but as the golden rule of trading goes: Cut your losers & let your winners run.

Are you asking if I think the stop should be lowered to give the trade a little room since the continued rally in the stock market is likely to eventually spill over to crude sooner than later?

If not, please clarify and if so, then I would say yes, one could certainly give a crude long position a little more room to allow for a potential bottoming process & possible final wash-out spike down. I’m going to stick with the suggested stop of a daily close below 10.37 on the official trade for now, even if there is a decent chance that it gets hit but again, all trade ideas, as well as the parameters (stops, targets, position size adjustments, etc..), are just general suggestions & each trader or investor should A) pass on trades that don’t mesh with their own outlook, risk tolerance, trading style, etc.. and B) use stops, position sizes, and price targets that align with their own unique trading style, loss allowance, outlook for the trade, etc.

I can’t say that the market is topping right now as there isn’t the slightest evidence of a top/reversal at this time. Divergences & overbought conditions have been building for months but those are not sell signals, merely potential bearish developments pending a sell signal on the daily & weekly charts (at minimum, to say the market has likely topped).

The basis for the long on crude was simple: Extremely oversold while falling to a very significant long-term support level. It either works or doesn’t but either way, I’d take this shot 100x over as the R/R is very compelling to me. Just passing along what I see & think but as I always say, pass on the trade if it doesn’t mesh with your outlook, trading style, or risk tolerance.

Nothing new from a technical perspective on $VIX & TVIX over the past few sessions. $VIX has been backtesting the downtrend line for the past 5 consecutive days now, holding up surprisingly well considering the persistent advance in the stock market. As of now, the trade still looks fine from a technical (charting) perspective with the $VIX still holding above the downtrend line & TVIX remains above the suggested stop for now.
Should the market continue to run much higher/longer, the trade will probably be stopped out but as of now, I don’t see enough evidence in the charts to modify the trading plan on TVIX. I wouldn’t go long TVIX right now if I didn’t already have a position, instead, best to wait for the stock indexes (SPY, QQQ, /NQ & /ES) to trigger sell signals on breaks of those 60-min support levels I posted earlier today. Here the $VIX daily chart (more significant than the TVIX chart, which is prone to decay).

Cost me -50% of my entire portfolio, bought bottom of Dec 2018 low (TQQQ/LABU/SOXL), but got affected by this bearish sentiment in this channel sold way early on JAN, I used to be buy&hold type of guy, thought I was learning stuff here, wedge/divergence all year long, made little here and there, but I should’ve 4X my portfolio if I don’t do anything, instead -50%… I’m not blaming anyone here, but this is just nuts…

Gotcha. TVIX is a many headed snake. Not sure how long you have been a member, but it crushed me for $40k last year. Randy had it as a buy around $20 and in a blink it was $12, then $10, then $8. My opinion is that it is a 3-4 day play, like pulling a slot machine. Please be very careful from someone who knows. In my opinion, entering here is a nice risk reward, as you only have a $2 downside and at least a $15 up. But being that you are already in makes it rough. The best advice someone gave me on this board, “if you are a trader, then trade!”. So take the hit and roll to Oil, Biotech etc etc.

Randy’s post on Jan 29th as a active long swing trade was at $47.83 with a stop at $37.60. I got in at $44.83 and wanted to see if he still feels that the stop of $37.60 is reasonable with the momentium so strong to the upside in the market?