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Post by theMist on Feb 3, 2017 9:21:31 GMT -5
He's wrong, it is just a calculated basket of vix futures x 3. I will look it over again to make sure that TVIX is not different that VXX but in that way I don't think so. They do re-calculate the weights every day, and I believe that TVIX is a different legal structure than VXX. But I think that they work the same. So, he is wrong? And isn't that a calculated basket of vix futures x 2?
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Post by walnut on Feb 3, 2017 9:21:49 GMT -5
It was a mental stop. yeah this week was my worst since last summer. It's not your fault at all. I was out of sync and I believe it is caused by trying to merge your trading style with mine, got me whipsawed. I think I can do both but I need to do them correctly in the future. Also, wanted to know -- when you put your stop in yesterday - was it mental stop? Sorry things worked out like this. I feel bad. But at least I know you are still up a lot. I wish you stuck with me on my trades (except for trying to time that spike 2 weeks ago). I had a really good day yesterday. And this is a good example of how one overnight move can change the whole picture. That was an unbelievable move overnight. It's honestly a new market every day. And the main reason why I simply daytrade. I'm loving selloffs and SCAMs up in premarket -- I have my best days then. But then you get days like this where I'm chasing and trying to get best possible cost avg.
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Post by theMist on Feb 3, 2017 9:22:57 GMT -5
VXX HOD should at least be 18.85 (retest of all time low). TVIX HOD should at least be 5.12 (all time low)
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Post by walnut on Feb 3, 2017 9:23:09 GMT -5
He's wrong, it is just a calculated basket of vix futures x 3. I will look it over again to make sure that TVIX is not different that VXX but in that way I don't think so. They do re-calculate the weights every day, and I believe that TVIX is a different legal structure than VXX. But I think that they work the same. So, he is wrong? And isn't that a calculated basket of vix futures x 2? You are right 2 x
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Post by walnut on Feb 3, 2017 9:24:13 GMT -5
I believe that he is wrong. Just chart TVIX against the one month volatility index and I think it will track it at that 2x rate.
From investopedia:
The Velocity Shares Daily 2X VIX Short-Term ETN (NYSEARCA: TVIX) is an exchange-traded-note (ETN) that tracks an index of futures contracts on the Standard and Poor's 500 (S&P 500) VIX Short-Term Futures index, with 200% leverage on the volatility moves.
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Post by theMist on Feb 3, 2017 9:24:19 GMT -5
Good to know - I always use mental stops as well.
If I can't watch, I don't trade. In the past, whenever I put in an actual stop, machines love to run it over. lol
I only use mental stops now.
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Post by walnut on Feb 3, 2017 9:26:19 GMT -5
I've had it in my head lately that TVIX was 3x, I don't know where that came from.
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Post by theMist on Feb 3, 2017 9:29:48 GMT -5
It was a mental stop. yeah this week was my worst since last summer. It's not your fault at all. I was out of sync and I believe it is caused by trying to merge your trading style with mine, got me whipsawed. I think I can do both but I need to do them correctly in the future. Also, wanted to know -- when you put your stop in yesterday - was it mental stop? Sorry things worked out like this. I feel bad. But at least I know you are still up a lot. I wish you stuck with me on my trades (except for trying to time that spike 2 weeks ago). I had a really good day yesterday. And this is a good example of how one overnight move can change the whole picture. That was an unbelievable move overnight. It's honestly a new market every day. And the main reason why I simply daytrade. I'm loving selloffs and SCAMs up in premarket -- I have my best days then. But then you get days like this where I'm chasing and trying to get best possible cost avg. Just take a step back and relax. Reset yourself. There will be much better days. I try to resist trading every day but it is very difficult. I guess its in the blood. Trading everyday and forcing trades can cost you sometimes.
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Post by theMist on Feb 3, 2017 9:31:06 GMT -5
Stick a fork in the SCAMs And soon I won't be able to short my baby TVIX 16k short TVIX HOD so far TVIX 5.13, VXX 18.87 right around the all time previous lows
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Post by walnut on Feb 3, 2017 9:31:35 GMT -5
I think I am only down a total of about 2500 for the week so it is not really that bad But I am not used to doing that
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Post by theMist on Feb 3, 2017 9:33:48 GMT -5
SP 2291 is common gap fill for S&P cash charts
Looks like it did have some pull. Have to see if markets reverse now after filling. I doubt it
so far slightly down on my daytrade but keeping plenty of dry poweder and not worried
TVIX 5.13
at this rate TVIX definitely testing 5
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Post by theMist on Feb 3, 2017 9:35:45 GMT -5
I think I am only down a total of about 2500 for the week so it is not really that bad But I am not used to doing that I hate when I have losing days also. Just have to bury it and put behind you. Can't get emotional. I wish all of lived close together. I would love to just concentrate on charts, TA and just have someone make the trades for me. We would make an excellent team
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Post by walnut on Feb 3, 2017 9:37:01 GMT -5
There is something that calculates daily like how your friend is thinking but I can't remember what it is. When I remember I'll let you know.
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Post by walnut on Feb 3, 2017 9:40:17 GMT -5
I remember, it is certain oil or other futures funds. They are designed to give an offset to daily price moves but not meant to mirror the spot price of oil. I remember that caused a bunch of confusion when the fund didn't act like some investors thought it would.
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Post by theMist on Feb 3, 2017 9:40:31 GMT -5
BTW- Walnut
Some traders do exactly like what I did earlier - wait until after news release (jobs numbers) and get confirmation of breakout of technical move and then place trades.
Waiting to see what kind of candle VXX puts in on this pop
S&P is backtesting as I type but does look like S&P is going higher yet again. Watching S&P futures -- backtesting and looks to be confirming bottom pattern.
Also, remember, that this whole move down was backtesting those breaks. Guess what? The backtest was successful obviously. And S&P went from steep rising channel, rounded a little bit and then now is in slightly rising channel. S&P is still making higher lows!!!
From what I see, S&P still just missed filling that upside common gap
S&P is bull flagging and SCAMs bear flagging. lol
It's honestly a good spot to take a small stab at shorting SCAMs. But that's up to you. Im still short tvix 16k now.
vxx 18.91
contango back up over 11% and VXX so far putting in weak red candles and following candle is going red. Bear flagging
Unless Trump declares war on Iran -- VXX is headed for 17s (measured target) in next few days
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Post by huh on Feb 3, 2017 9:46:18 GMT -5
DECK, FTNT, FEYE, CLVS, DATA............. Hard for me to see much in the charts for the very near term on these, but watch for the upside gap fills in DECK, FTNT, CLVS & DATA on their daily charts. Those would be ideal short entries. FEYE is a little more tricky. If it drops to 10.20's soon here, that one's likely a long until it fills this morning's gap down.
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Post by theMist on Feb 3, 2017 9:53:46 GMT -5
Sorry - let me restate. That bottom white line is neckline for H&S, we are consolidating (bear flaggin) for move below it. We go below it and get possible successful backtest, VXX is headed to 17s in short term I'm taking small stab at chasing. cost avg 5.12. 16k -- looking to add more and get slightly better cost avg H&S measures a lot lower. VXX currrently 18.92 Trade at your own risk. Just pointing out what I see.
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Post by walnut on Feb 3, 2017 9:56:27 GMT -5
I sold a small VVX position to just keep short (4000 shares) and will day trade separate money
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Post by theMist on Feb 3, 2017 9:58:37 GMT -5
I sold a small VVX position to just keep short (4000 shares) and will day trade separate money It's honestly a good trade from what I see. All ducks lining up. This move should have more legs. Only wild card is Trump Descending triangle -- Diamond continuation -- indicators lining up -- contango in check what cost avg?
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Post by walnut on Feb 3, 2017 10:00:31 GMT -5
18.9
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