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Post by theMist on Feb 23, 2017 13:31:40 GMT -5
How was lunch Walnut?
Trying to recoup some $$
Never going to be able to do it with UPRO, UDOW
short 12k VXX
VXX 18.16
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Post by walnut on Feb 23, 2017 13:33:04 GMT -5
Quite good. Those little hot dogs must have some secret mojo
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Post by walnut on Feb 23, 2017 13:36:08 GMT -5
SP has fallen way out of that 145% annualized trend line of last week, and may never get there again (I hope not soon).
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Post by theMist on Feb 23, 2017 13:38:09 GMT -5
SP has fallen way out of that 145% annualized trend line of last week, and may never get there again (I hope not soon). I'll feel better when VIX SCAMs go deep red!! VXX 18.14
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Post by lasvegas77 on Feb 23, 2017 13:50:25 GMT -5
themist and walnut, Is trading tvix your full time jobs?
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Post by theMist on Feb 23, 2017 13:51:59 GMT -5
VXX still all over the place
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Post by theMist on Feb 23, 2017 13:53:00 GMT -5
themist and walnut, Is trading tvix your full time jobs? lol No, I'm semi-retired (48 yrs old) and love to trade which is usually shorting the VIX ETPs. I'm a home gamer. Here's my setup - click image upload
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Post by walnut on Feb 23, 2017 13:56:44 GMT -5
themist and walnut, Is trading tvix your full time jobs? I own a business but other people mostly run it. So yes been trading the scams a lot lately
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Post by lasvegas77 on Feb 23, 2017 14:01:08 GMT -5
Nice the mist. I have a 40 inch crossover 4k monitor. I use it for gaming sometimes too. ever play bf1?
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Post by walnut on Feb 23, 2017 14:03:43 GMT -5
My son loves that BF1. He sees a target and snipes it.. I would not stand a chance
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Post by theMist on Feb 23, 2017 14:04:09 GMT -5
Nice the mist. I have a 40 inch crossover 4k monitor. I use it for gaming sometimes too. ever play bf1? nah - not into the gaming just trading unfortunately all those monitors not helping much today
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Post by lasvegas77 on Feb 23, 2017 14:05:12 GMT -5
My personal experience is that on days like this, it's best not to try trading at all. You end up burning away your gains. 2015 was almost an exceptional year for me. I was up well over 100%. Then the infamous rate hike that was in the cards caused the tvix to have an epic spike. I ended up with a loss. So fair warning if you think you have strong amazing gains and are invincible. They can go away real fast.
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Post by theMist on Feb 23, 2017 14:07:28 GMT -5
My personal experience is that on days like this, it's best not to try trading at all. You end up burning away your gains. 2015 was almost an exceptional year for me. I was up well over 100%. Then the infamous rate hike that was in the cards caused the tvix to have an epic spike. I ended up with a loss. So fair warning if you think you have strong amazing gains and are invincible. They can go away real fast. yeah - and I'm catching a whiff of it today and yesterday for the first time. Before yesterday, been on fire. Up over 100% since the elections. And I usually don't hold positions overnight so I don't have to worry about overnight black swans. I've also limited my trading now. I was, at a time, shorting 50K TVIX and using heavy leverage and fortunately did very well. Now I've cut that in half and even shorting VXX. daytrade / scalping only
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Post by walnut on Feb 23, 2017 14:08:49 GMT -5
VXX is 100% ambiguous right now. I want to trade but I have no ideas yet.
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Post by lasvegas77 on Feb 23, 2017 14:11:45 GMT -5
that's a great gain themist. I use max leverage sometimes too. It works until it doesn't. Fidelity gets very antsy when you do that. And often cover you at a vix spike price before it goes down again.
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Post by theMist on Feb 23, 2017 14:12:04 GMT -5
I'm short 5500 UVXY in IB and 12k VXX in Scottrade
Trying to gain back some losses for today.
But, I don't advise following my trades today. I've been off.
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Post by walnut on Feb 23, 2017 14:12:31 GMT -5
VXX in uptrend
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Post by walnut on Feb 23, 2017 14:14:19 GMT -5
That contango decay is happening though. That has been counting against the scams this whole time and will come off the share prices sooner or later.
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Post by theMist on Feb 23, 2017 14:14:23 GMT -5
that's a great gain themist. I use max leverage sometimes too. It works until it doesn't. Fidelity gets very antsy when you do that. And often cover you at a vix spike price before it goes down again. Scottrade closed me out for the first time the other day without my knowledge. That's when my troubles began. Going forward, I need to have more patience and put emotions behind. This is the first time in awhile that I've taken a beating. Need to play it small and smart and be patient and look to short only the quick spikes during the day. For awhile, I was up early in premarket and shorting TVIX, UVXY, VXX and did very well...
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Post by theMist on Feb 23, 2017 14:15:15 GMT -5
VXX in uptrend yeah -- its countertrending and trying to get out of its death spiral. lol A move below VXX 17.24 would be real nice.
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