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Post by theMist on Dec 30, 2016 10:10:45 GMT -5
Another RED Hollow candle on VXX 5 min chart beside the one made on 12/28 (15 min chart) when VXX was at its lows. VXX will take another leg higher and fill the GAPs BUT at some point will collapse hard and reverse back down to retest ALL TIME LOWs.
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Post by walnut on Dec 30, 2016 10:17:45 GMT -5
What kind of time frame are you thinking? I have to be out today but was wanting to be short VXX when the time is right.
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Post by theMist on Dec 30, 2016 10:19:33 GMT -5
What is your investment strategy Walnut? Are you looking to hold a short position in the scams for several weeks and not have to worry about it? Or are you looking to aggressively trade them on a daily basis like I do?
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Post by walnut on Dec 30, 2016 10:22:38 GMT -5
I'm not afraid to hold overnight but really just want to short the pops. If the scams are in any way trending up I just wait and don't even try to scalp.
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Post by theMist on Dec 30, 2016 10:29:13 GMT -5
Start nibbling in a short position in VXX just above the GAP fill like I've been posting. (25.45-25.55). If you're going to hold a position over a length of time, you need to keep it small and have lots of gun powder just in case China blows up one Sunday night (lol) and you have to stomach a 30-50% GAP up the next day. At that point, you should take advantage and reshort more and not be crying because you just destroyed your account. lol
Start nibbling just above the GAP fills and average in more if they overshoot. THEN when you see the VIX scams turn back down go real aggressive and ride them back down. But whatever you do, don't leave yourself highly vulnerable overnight.
They will retest lows again. Jusst a matter of time.
Hope this helps
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Post by theMist on Dec 30, 2016 10:31:33 GMT -5
ALL 3 VIX Scams (VXX, UVXY, TVIX) should fill their upside gaps.
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Post by walnut on Dec 30, 2016 10:41:52 GMT -5
I was short VXX from about Sep to about 3 weeks ago, made about 35% on the whole account in that time. But I set up the account to sound an audible alarm if the market goes crazy, will wake me in the middle of the night, and I can buy futures in the overnight to hedge. Have done that a few times, it is not fun haha
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Post by novie08 on Dec 30, 2016 10:47:13 GMT -5
Ever look back and think "why did I even open my mouth?" lol
Pretty much every day! We want to see your thoughts, however.
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Post by novie08 on Dec 30, 2016 10:50:42 GMT -5
ALL 3 VIX Scams (VXX, UVXY, TVIX) should fill their upside gaps. Where's the gap on UVXY? That's the one I successfully traded earlier in the year (June/July), very small pos but made some nice coin there. Many thanks for your detailed posts.
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Post by theMist on Dec 30, 2016 10:53:24 GMT -5
UVXY GAP fill to 8.75 still left as well as TVIX (9.52). Almost there. Look to switch to shorting them after the GAPs fill.
VXX filled its upside GAP (25.45)
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Post by Herceg on Dec 30, 2016 10:57:04 GMT -5
What kind of time frame are you thinking? I have to be out today but was wanting to be short VXX when the time is right. Walnut, I shorted 1k in the 11's this past summer and currently holding 200 shares after split.............up roughly 9.5k on this and will never cover..........LOL...........I never added more after the split but am looking to add more now after saving some more $$$$............again this would be a LT hold............tired of fighting these things on the upside, as I have lost 90% of the time............ JMO and BOL..............
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Post by novie08 on Dec 30, 2016 11:09:41 GMT -5
Assuming VXX is best one to short as it's price is higher. UVXY close to "0" lol.
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Post by theMist on Dec 30, 2016 11:35:58 GMT -5
SCAMs should take at least one more run at their HOD this afternoon. They pulled back after VXX closed its GAP.
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Post by jacksrbtr on Dec 30, 2016 11:56:22 GMT -5
Ever look back and think "why did I even open my mouth?" lol Pretty much every day! We want to see your thoughts, however. Yes - in front of about 300 agents during a Command Post Exercise (CPE) with assets from the NEST, Secret Service and the FBI preparing for the G-8 in Sea Is, GA 2004. I criticized the bloated and unrealistic timeline which was being used for a terrorist attack taking place. THAT was "Strike One!"....no wait that was "Strike Two!" Bwahahahaaaa!
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Post by theMist on Dec 30, 2016 12:05:40 GMT -5
Here comes the next leg of selling as expected.
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Post by theMist on Dec 30, 2016 12:28:45 GMT -5
VXX filled the GAP (25.45). UVXY (8.75), TVIX (9.52) should also fill. Come on my Babies! FLY one more time! Don't make theMist look like a fool! lol
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Post by clinton on Dec 30, 2016 12:42:46 GMT -5
sold my PPP for 1% and loaded up on GORO at 4.44
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Post by theMist on Dec 30, 2016 12:50:27 GMT -5
Novie - VXX is unleveraged. UVXY is an ETF and is 2X leveraged. TVIX is an ETN and is also 2X leveraged. If you're a conservative trader, take a small position in VXX short.
Stay away from TVIX (whether long or short) because it is an ETN and is a complex trading instrument.
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Post by theMist on Dec 30, 2016 12:54:33 GMT -5
S&P headed to 2233ish. Should hit today...
Selling my long UVXY position in 8.75-8.81 range
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Post by novie08 on Dec 30, 2016 13:50:27 GMT -5
Are you then shorting it?
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