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Post by theMist on Mar 6, 2017 9:40:42 GMT -5
Wow - this is funny
Scottrade has HOD for TVIX at 4.3978 and IB has it at 4.40
so they all filled the morning gap according to IB and I trust IB
I only go 10k short TVIX because of this!!!
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Post by clinton on Mar 6, 2017 9:41:41 GMT -5
MARCH 15 DEBT FREEZE
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Post by theMist on Mar 6, 2017 9:42:14 GMT -5
Watch VXX 17.24. VXX should test it. IMO
just chased a little and shorted more tvix -- I didn't know that all 3 scams filled the morning gap until I looked at IB
VXX 17.41, TVIX 4.32
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Post by walnut on Mar 6, 2017 9:43:49 GMT -5
If scams bounce I will sell more. I'm only 2000 so far
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Post by theMist on Mar 6, 2017 9:45:09 GMT -5
If VIX SCAMs can't even stay green with a S&P down almost 12, that should be telling you something...
as soon as the market levels off and stops selling, then what will happen to VIX SCAMs...they will drop hard IMO
And any pop in them will be very small IMO
I'm short 15k tvix
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Post by walnut on Mar 6, 2017 9:48:10 GMT -5
I would have sold there but a truck called me and I missed it
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Post by clinton on Mar 6, 2017 9:48:34 GMT -5
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Post by theMist on Mar 6, 2017 9:49:15 GMT -5
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Post by theMist on Mar 6, 2017 9:52:09 GMT -5
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Post by walnut on Mar 6, 2017 9:52:36 GMT -5
cmon red candle, let me back in
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Post by walnut on Mar 6, 2017 9:53:51 GMT -5
5000 short at 17.41 would like to raise the average
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Post by theMist on Mar 6, 2017 9:54:35 GMT -5
cmon red candle, let me back in S&P candles have been red all morning. lol If SCAMs are trading down like this, it will take the fat boy in North Korea to get them to go green and stay green! lmao
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Post by theMist on Mar 6, 2017 9:55:41 GMT -5
5000 short at 17.41 would like to raise the average I think the level to watch is VXX 17.24 VXX currently trading at 17.35 and I'm not chasing anymore I'm already up on the position looking to scalp / take profits if hits that VXX 17.24 area but will see how VXX bounces and acts at that point VXX 17.37 now
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Post by theMist on Mar 6, 2017 9:57:31 GMT -5
All timeframes, from what I can see, are bearish for VXX
VXX 17.24 is where that red hollow candle is and price action will want to test that candles low which is VXX 17.24
And S&P filled the breakaway gap and is hitting support now
VXX 17.36, S&P 2373.71
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Post by novie08 on Mar 6, 2017 9:59:23 GMT -5
I have had margin calls a few times but normally I am not near as aggressive as you. No margin calls for me since 2015 lol -- As you know, when I'm extremely confident of move in VIX SCAMs -- I'm ALL IN. Also, not sure if you are aware for Tax purposes of this awesome website?! You download your activity from your broker and this website charges very little to produce your Schedule D and form 8949 www.form8949.com/Oh, thank you so much Mist. I am struggling with taxes right now and this is a huge help.
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Post by theMist on Mar 6, 2017 9:59:45 GMT -5
lol -- As you know, when I'm extremely confident of move in VIX SCAMs -- I'm ALL IN. Also, not sure if you are aware for Tax purposes of this awesome website?! You download your activity from your broker and this website charges very little to produce your Schedule D and form 8949 www.form8949.com/Oh, thank you so much Mist. I am struggling with taxes right now and this is a huge help. Glad I can help Novie
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Post by walnut on Mar 6, 2017 10:00:05 GMT -5
what are you seeing at 17.24?
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Post by theMist on Mar 6, 2017 10:05:45 GMT -5
what are you seeing at 17.24? That was the low with red hollow candle VXX should test at some point VXX 17.24ish but that spot might act a little like support. Nothing to be nervous about with the way the market is trading and the way SCAMs are trading though. But could act as a little bounce point. You can think of VXX 17.24 as a pivot also, a solid move below it and VXX tests all time lows. IMO Or it could bounce a little at that spot or simply pause. But overall, I still see all VXX timeframes bearish. Even daily indicators are starting to rollover We'll see... VXX 15 min chart photo hosting
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Post by theMist on Mar 6, 2017 10:07:58 GMT -5
Until my wire transfer hits IB, it looks like max trade for me is like short 16k tvix for now.
Scott used to allow me to go into 4x DTBP but obviously doesn't allow shorting below $5 for any security.
Maybe, I'll refund Scott and simply use it short VXX and if TVIX over makes over $5, will short tvix
oh, well
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Post by theMist on Mar 6, 2017 10:09:45 GMT -5
I'm expecting VXX to test VXX 17.24 and get below it at some point
but if I was short heavily like the old Scottrade days (say 50k short tvix), I would definitely be taking some off the table and taking profits at that spot
Think about it though - setting charts aside, VIX SCAMs are down today even with S&P down earlier 12 handles!!! and now VIX SCAMs are dropping even more and S&P is bouncing a little!
what would happen if S&P went green?! lol
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