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Post by walnut on Feb 22, 2017 9:43:31 GMT -5
damn I'm out looks like a breakout
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Post by walnut on Feb 22, 2017 9:44:03 GMT -5
I'm just going to have to catch this as it is moving down. that sucked
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Post by theMist on Feb 22, 2017 9:45:40 GMT -5
VIX SCAMs are trading very sensitive still and hasn't reverted back to normal programming
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Post by theMist on Feb 22, 2017 9:46:55 GMT -5
I'm just going to have to catch this as it is moving down. that sucked I don't blame you. This is 2 days in a row they've been strong and yesterday they had no business being strong. Watch VXX drop back down now. Always happens. VXX 18.10
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Post by theMist on Feb 22, 2017 9:48:28 GMT -5
VXX now backtesting and should fall a little further
VXX 18.05
still in
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Post by theMist on Feb 22, 2017 9:49:54 GMT -5
VXX backtesting and still should backtest that solid red line just beneath price action. VXX also outside its UPPER BBs no panic yet -- contango still over 10% VXX 18.06 VXX 15 min screenshot software
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Post by theMist on Feb 22, 2017 9:54:29 GMT -5
markets starting to calm down after that wave of selling need S&P to settle in, calm down, and relax VXX 18.06
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Post by theMist on Feb 22, 2017 10:02:21 GMT -5
Come on my babies! Fill the morning GAP! Your getting heavy and tired and need to go to sleep and roll back over!! VXX 18.02
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Post by theMist on Feb 22, 2017 10:04:08 GMT -5
VXX 18.01 Looks like it wants to backtest the red descending channel break and should img
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Post by theMist on Feb 22, 2017 10:08:51 GMT -5
VIX SCAMs close morning GAP and I take some profits
Also, FOMC minutes later this afternoon
VXX 17.97 and falling...
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Post by theMist on Feb 22, 2017 10:16:27 GMT -5
VXX just below and back in red descending channel -- testing it as I type windows screenshot
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Post by theMist on Feb 22, 2017 10:18:01 GMT -5
Chris, have you rejoined the short VXX trade?
VXX 17.94
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Post by walnut on Feb 22, 2017 10:18:14 GMT -5
I just couldn't stick with it. I need it to get back to normal form I think.
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Post by walnut on Feb 22, 2017 10:19:34 GMT -5
what do you think? I'm a little skittish about it the way it has been trending up, so I will get stopped out on a spike.
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Post by theMist on Feb 22, 2017 10:36:32 GMT -5
I just couldn't stick with it. I need it to get back to normal form I think. I know this easy said in hindsight. But looking back at mistakes. We know about what happened yesterday and I'm writing off as just a bad day between candlestick fiasco, Scottrade, and Viva LasVegas. lol just some thoughts for today - -contango still maintained over 10% and vix futures curve still looks 'normal' -yes SCAMs did spike hard in AM but if you panic that quickly then it means you have too much of a position riding with low risk tolerance SCAMs are known to quickly spike up hard and then drop back down even lower than where they began as you know. -If SCAMs spike hard against you and you are looking to jettison out of the trade, remember 99% of the time, they will drop back to backtest the break and you can get out at a better price instead of at the height of the spike -I notice that you tend to get a little emotional which can cause whipsawing. Yesterday you were too excited and chased shorting VXX on the day at an oversold condition and made me do it. lol -- just kidding my friend. I blame only myself for my mistakes. Honestly, I really thought it was a red hollow candle and that did mess me up along with Scottrade closing my position for the first time without letting me know at eod. lol -if you are quickly panicked by a move like today then how will you handle the real firework show?! I tried very hard this morning to post quick updates but as you know its not easy to do and trade at same time. I definitely won't be able to post fast enough during the big one. That is why you have to master TA for yourself. I hope I am able to read the charts and have my bear hat on when that time comes. I still maintain a S&P 2460ish large iH&S target BUT as always a question of how we get there and doesn't mean we cannot correct before then. But like I've said, "always trade within your comfort zone and not mine". I can stomach 10k swings in my trading account and have before. And trade with what works for you. You're an incredible gifted trader. Averaging 10% per month is incredible my friend!! INCREDIBLE!!! Do you know how many money managers lose money for their clients and are lucky enough to squeeze out a measly 1-2% gain?! I'm sure your aware. So, don't beat yourself up about today. And trade the way that works for you. But if you do decide to keep trading the way I do like a cowboy, then keep it real, real small. And you can always keep the bulk of your $$ trading the way you are used to all along. Just set aside a little bit for cowboy Mist trading. lol your friend, Professor Mist lol VXX 18.02
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Post by theMist on Feb 22, 2017 10:38:54 GMT -5
what do you think? I'm a little skittish about it the way it has been trending up, so I will get stopped out on a spike. I think VXX rolls and should with S&P coming back. But they have been trading nervous and sensitive lately and going against the usual grind. And we could be seeing the start of that tough trading environment so I would keep it real small if you do rejoin the VXX short trade -- but that's your call I'm still hanging in there. I've lived through much worse spikes in the SCAMs. VXX 17.99 VXX 17.94 VXX 17.97 VXX 17.92 BTW - I love how TVIX just stays there while VXX, UVXY are all over the place. That's good to observe and short TVIX out of all three. You would get less emotional with shorting TVIX -- at least for today.
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Post by theMist on Feb 22, 2017 10:46:19 GMT -5
IMHO -- Ladies and Gentlemen -- I believe the fireworks are over for today! And you can stick fork in the SCAMs! IMHO VXX 17.88 gotta keep pounding - lol
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Post by walnut on Feb 22, 2017 10:47:12 GMT -5
Scam shorting works (for me) because it is usually very forgiving of errors. But this week not very forgiving
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Post by walnut on Feb 22, 2017 10:48:03 GMT -5
I sold 4k again
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Post by clinton on Feb 22, 2017 10:48:20 GMT -5
PMs dropping with the dollar
:scratches head then shrugs:
logging out for the day - screw it.
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