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Post by theMist on Feb 14, 2017 10:11:56 GMT -5
19k short VXX now -- will hold at that
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Post by walnut on Feb 14, 2017 10:12:53 GMT -5
I tried, it only gave me 1000 shares at my bid 17.58, I come back and I'd missed it
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Post by theMist on Feb 14, 2017 10:13:56 GMT -5
I tried, it only gave me 1000 shares at my bid 17.58, I come back and I'd missed it SCAMs going lower IMO contango high still 13-14% VXX 17.49
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Post by walnut on Feb 14, 2017 10:14:12 GMT -5
oh well maybe another chance later
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Post by theMist on Feb 14, 2017 10:14:33 GMT -5
VXX 17.48
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Post by theMist on Feb 14, 2017 10:16:33 GMT -5
oh well maybe another chance later When chasing at lod -- I take small position like I did earlier -- then averaged up and added more short when went against me. I did it real fast -- VXX 17.51-17.58 range With the way S&P is trading -- SCAMs should be unaffected and still drop lower. IMO contango 12-13% VXX 17.48 UP $800-$900 bucks already. lol
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Post by walnut on Feb 14, 2017 10:19:04 GMT -5
Yeah It's even worse than I thought, I only got 600 shares damn
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Post by clinton on Feb 14, 2017 10:19:37 GMT -5
Wha??? Its green on gold futures Finviz up 0.6% what are you looking at? ugly red candle
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Post by walnut on Feb 14, 2017 10:20:13 GMT -5
I was following you on this one but was holding out for 17.60, that never happened again.
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Post by theMist on Feb 14, 2017 10:20:45 GMT -5
Yeah It's even worse than I thought, I only got 600 shares damn I use a lot of market orders when I sell short on the fly like that. But when I cover, I like to use limit orders
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Post by walnut on Feb 14, 2017 10:23:08 GMT -5
I thought a little bounce back to 17.61 with Yellen speaking was likely but no one is worried today
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Post by theMist on Feb 14, 2017 10:24:47 GMT -5
I was following you on this one but was holding out for 17.60, that never happened again. Your still up a lot and have done fantastic. You only missed a 17.91 - 17.50 move in VXX. When you think about it over long term, that's a very small move to miss. VXX is at 17.50 right now If you do decide to chase at this price -- keep it small. That's up to you. I honestly don't see anything on the charts that will keep VXX from still heading lower in short term. Selling in S&P is normal selling / consolidation Markets even look like they want to go higher. I have to call it like I see it.
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Post by novie08 on Feb 14, 2017 10:34:47 GMT -5
Yellen says small increases, Lacker (he's retiring) says much higher whatever that means.
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Post by theMist on Feb 14, 2017 10:36:14 GMT -5
Sorry if I influenced you to cover your VXX short at 17.91. Obviously, this was one of the times to let it ride more. Easier said in hindsight.
But even Jim (sp500chart.com) was looking for some pullback this week in S&P and obviously we're not getting any real significant pullback so far. Nothing to be concerned about when short VIX SCAMs.
We'll see if that changes...
For SCAMs to really pop to upside selling in S&P has to be hard and prolonged.
We're now open to the fact that the markets may simply shoot right up to that longer term S&P 2460 area.
But if it does go straight up like it has been, it won't bode well for longer term. IMO
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Post by walnut on Feb 14, 2017 10:39:37 GMT -5
OK sold 8000 avg at 17.57 I was following you on this one but was holding out for 17.60, that never happened again. Your still up a lot and have done fantastic. You only missed a 17.91 - 17.50 move in VXX. When you think about it over long term, that's a very small move to miss. VXX is at 17.50 right now If you do decide to chase at this price -- keep it small. That's up to you. I honestly don't see anything on the charts that will keep VXX from still heading lower in short term. Selling in S&P is normal selling / consolidation Markets even look like they want to go higher. I have to call it like I see it.
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Post by walnut on Feb 14, 2017 10:41:17 GMT -5
It is not a problem Rob. What I meant yesterday about a rule was only a short term mental rule I had to get deeper in the money with VXX because I was 95% certain that it is headed lower in this move. And I get easily influenced by low hanging fruit like a chance to scalp 10 cents. Sorry if I influenced you to cover your VXX short at 17.91. Obviously, this was one of the times to let it ride more. Easier said in hindsight. But even Jim (sp500chart.com) was looking for some pullback this week in S&P and obviously we're not getting any real significant pullback so far. Nothing to be concerned when short VIX SCAMs. We'll see if that changes... For SCAMs to really pop to upside selling in S&P has to be hard and prolonged. We're now open to the fact that the markets may simply shoot right up to that longer term S&P 2460 area. But if it does go straight up like it has been, it won't bode well for longer term. IMO
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Post by theMist on Feb 14, 2017 10:42:25 GMT -5
OK sold 8000 avg at 17.57 Your still up a lot and have done fantastic. You only missed a 17.91 - 17.50 move in VXX. When you think about it over long term, that's a very small move to miss. VXX is at 17.50 right now If you do decide to chase at this price -- keep it small. That's up to you. I honestly don't see anything on the charts that will keep VXX from still heading lower in short term. Selling in S&P is normal selling / consolidation Markets even look like they want to go higher. I have to call it like I see it. You got a slightly better cost avg than I did. I have VXX 17.55 avg
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Post by theMist on Feb 14, 2017 10:43:21 GMT -5
As long as market doesn't fall off cliff going into close, VXX should still head lower.
VXX is still in descending channel
VXX 17.56
BB in few
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Post by theMist on Feb 14, 2017 10:50:02 GMT -5
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Post by clinton on Feb 14, 2017 10:51:31 GMT -5
Ill say this small positive for trump
raising rates and raising tariffs at the same time may work accidentally.
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