|
|
Post by Herceg on Mar 9, 2017 11:07:02 GMT -5
So you think Scott, IB and Fidelity are what most people use? Any others... I guess I should start calling around - I'll let you all know what I find out Me and Walnut use Scottrade and IB. But I'm getting out of IB -- commissions way too expensive. Others also use fidelity I cannot trade today and hands tied since I'm switching back to Scottrade Scottrade now at $4.45 |
|
|
|
Post by theMist on Mar 9, 2017 11:13:24 GMT -5
I know - my friends over at local office giving me $4.95 a trade plus 100 free trades plus $300 free money if I fund more than 100k which I'm doing
For heavy volume trades, IB destroys you with commissions. I'm actually on the phone with them now and telling them why I'm leaving and doing wire transfer out of IB
BTW - Walnut IB said you can switch to different tier of pricing but you have to meet at least 300k shares per month which I'm easily doing but there are months where I'm sure I'm going to want to take some time off.
I'm just disgusted with IB and going back to Scott. I've had a tremendous run with Scottrade so for now I'll just stick to shorting VXX and even UVXY since Las Vegas said he was able to get some and that is great news!
|
|
|
|
Post by theMist on Mar 9, 2017 11:34:06 GMT -5
BTW - Las Vegas - you are officially NOW the TOP Cowboy here at FAZination Proboards. I've shorted up to 50k-55k shares of TVIX at little higher prices and using maximum leverage and have more than doubled my trading account balance since the Elections. But I would never leave myself that exposed overnight. I would have cut my losses last night before AH close and then doubled down and reshorted today. I can't blame you for not sleeping last night. You definitely earned the TOP Cowboy trader here at Faz! Good way to average up your position. VXX doing what was projected and S&P behaved nicely today.  What is your exit strategy and did you figure out exactly your cost avg? |
|
|
|
Post by theMist on Mar 9, 2017 11:39:44 GMT -5
VXX 15 min chart VXX rolled nicely earlier  greenshot |
|
|
|
Post by theMist on Mar 9, 2017 11:42:27 GMT -5
VXX 5 min Man these patterns I'm drawing are getting funnier and funnier. lol If VXX rises up to that small circle and tests that red descending support, that would be a good spot to put on a short position as VXX can be trying to form a H&S pattern. Mental stop would be above the Head of the pattern (VXX HOD).  photo upload sites |
|
|
|
Post by lasvegas77 on Mar 9, 2017 11:49:21 GMT -5
BTW - Las Vegas - you are officially NOW the TOP Cowboy here at FAZination Proboards. I've shorted up to 50k-55k shares of TVIX at little higher prices and using maximum leverage and have more than doubled my trading account balance since the Elections. But I would never leave myself that exposed overnight. I would have cut my losses last night before AH close and then doubled down and reshorted today. I can't blame you for not sleeping last night. You definitely earned the TOP Cowboy trader here at Faz! Good way to average up your position. VXX doing what was projected and S&P behaved nicely today. What is your exit strategy and did you figure out exactly your cost avg? oh my. I didn't realize i would earn that distinction. I'm no stranger to overnight holding on this. Typically i would hold this a lot longer. But im concerned about next week. I may hold this through tomorrow after the release of the jobs numbers. However, I'm open to covering today if i can get a decent price. I expect the market to eventually work its way higher before it corrects more. |
|
|
|
Post by theMist on Mar 9, 2017 11:51:18 GMT -5
How much of VXX, UVXY are you short?
I'm glad you were able to get UVXY short via Scottrade - that's fantastic.
I've had hard to borrow issues with UVXY with Scott.
|
|
|
|
Post by lasvegas77 on Mar 9, 2017 11:52:37 GMT -5
18k shares. Really frustrating how it jumped after it was getting close to break even on the trade.
|
|
|
|
Post by theMist on Mar 9, 2017 11:54:22 GMT -5
18k shares. Really frustrating how it jumped after it was getting close to break even on the trade. Sorry for the personal questions - but if you don't mind - are you on heavy leverage with your VXX 18k short -- and holding overnight? and also just saw your post -- with XIV and short TVIX are you also on leverage? there's a reason why I ask |
|
|
|
Post by lasvegas77 on Mar 9, 2017 11:54:27 GMT -5
vxx cost average is somewhere below 17. but im up on the xiv and tvix short.
|
|
|
|
Post by lasvegas77 on Mar 9, 2017 11:55:36 GMT -5
it was slightly on margin over night. And there's a house call on that. But typically they give some room with vxx to run.
|
|
|
|
Post by theMist on Mar 9, 2017 11:57:19 GMT -5
it was slightly on margin over night. And there's a house call on that. But typically they give some room with vxx to run. Scottrade is always awesome with that -- I would be maxed out on a daytrade and have a fed call. I would email them and they would leave me alone. IB starts closing you out of your positions immediately. lol |
|
|
|
Post by theMist on Mar 9, 2017 11:58:40 GMT -5
Maybe slightly little higher but pretty much BULLSEYE!! lol Watch to see if VXX turns back down at this point. VXX 17.21  gifs upload |
|
|
|
Post by theMist on Mar 9, 2017 12:05:15 GMT -5
it was slightly on margin over night. And there's a house call on that. But typically they give some room with vxx to run. The reason why I ask - and I know you have a lot of experience shorting these VIX ETPs - but I've had this discussion with Walnut quite a few times. We're unable to come up with good hedging strategy for leaving on VIX SCAM short overnight for lengths of time. This is the reason why I heavily daytrade them only (mostly shorting as you know). And if leaving on a position on overnight - would only leave on a very small short position. Obviously, charts cannot see black swans and many shorters of volatility have been wiped out when being maxed out on leverage short overnight. sixfigureinvesting.com/2016/10/is-shorting-uvxy-tvix-vxx-the-perfect-trade/ |
|
|
|
Post by theMist on Mar 9, 2017 12:17:07 GMT -5
Good spot to take stab at shorting some VXX My hands are tied - can't trade mental stop can be VXX HOD VXX 17.25  free image uploading |
|
|
|
Post by walnut on Mar 9, 2017 12:25:39 GMT -5
Scams seem a little strong today, frustrating, I think I will sit out still
|
|
|
|
Post by theMist on Mar 9, 2017 12:26:45 GMT -5
Scams seem a little strong today, frustrating, I think I will sit out still not a bad idea if VXX doesn't start to turn back down from this spot -- VXX can make run again at HOD (17.36) still trying to decide which way to go -- VXX currently at 17.26 and its making toast out of RS if it was trying form a H&S |
|
|
|
Post by theMist on Mar 9, 2017 12:31:28 GMT -5
Be back in little bit
my day off. lol
|
|
|
|
Post by lasvegas77 on Mar 9, 2017 12:41:17 GMT -5
Vxx broke through the support for the spike from 8:15
|
|
|
|
Post by theMist on Mar 9, 2017 12:51:34 GMT -5
Told ya Walnut that was a good spot to take stab at shorting VXX. lol  pic upload |
|
