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Shorting UGAZ - The Dangers, and controlling the risk

This is a supplemental chart to the following post:

Part 1 - The Dangers
ngetf.com/2020/01/02/my-ultimate-guide-to-shorting-ugaz-part-1-the-dangers/

In this chart I've shown a short-and-hold with annual gains vs backward movements against potential short positions. I'm being quite conservative with the gains and as extreme as possible with the hazards of shorting UGAZ. The bulk of this idea is published in the blog.
hazardousngetfSeasonalitysellingshortshort_sellingUGAZ

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