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Post by theMist on Mar 13, 2017 12:38:31 GMT -5
Those measured VXX targets should hit.
Just didn't want to see VXX pop a little along with selling S&P. Sometimes when those indicators cross bullish, VXX can pop nicely.
And can still...but price action hardly budged and even fell back down a little -- very weak.
And nice to see VXX finally breach all time low -- VXX 16.76.
Scalping large positions for pennies and up nicely.
12k short VXX now
VXX 16.75
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Post by theMist on Mar 13, 2017 12:43:46 GMT -5
Nice move! VXX 16.73
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Post by lasvegas77 on Mar 13, 2017 12:43:54 GMT -5
I'm still heavily short the vix etns and long xiv from last wed.
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Post by theMist on Mar 13, 2017 12:46:10 GMT -5
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Post by theMist on Mar 13, 2017 12:48:17 GMT -5
I'm still heavily short the vix etns and long xiv from last wed. We all know that over time they are headed lower. It's just a question of how much they spike on the way down and being able to survive those spikes and even average in more when they do. You are definitely a bigger risk taker than I am. I would have cut my losses the first day and then look to reshort the following day. I would never leave myself exposed that much overnight and especially over a weekend. But its paying off nicely for you -- so good trading -- and in the end that's all that matters is making $$
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Post by lasvegas77 on Mar 13, 2017 12:52:04 GMT -5
There's different categories of risk. Holding over night is one risk. But I also consider the market context. Holding overnight when the market is in a clear downtrend would be more dangerous than when the market is in a confirmed uptrend. Also position sizing is important. If you are able to be heavily short tvix at the top of a pop, you could potentially hold a very long term short and not worry about a pop once it has gone down substantially. It's a lot easier to short tvix and hold it intermediate term than try to get in and out several times a day. Usually you end up making less than doing nothing.
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Post by theMist on Mar 13, 2017 12:52:46 GMT -5
Walnut - you still around? Did you reshort? Or just sitting back and watching action and enjoying your profit?
coming up on final hour -- can be tricky
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Post by theMist on Mar 13, 2017 12:55:57 GMT -5
There's different categories of risk. Holding over night is one risk. But I also consider the market context. Holding overnight when the market is in a clear downtrend would be more dangerous than when the market is in a confirmed uptrend. Also position sizing is important. If you are able to be heavily short tvix at the top of a pop, you could potentially hold a very long term short and not worry about a pop once it has gone down substantially. It's a lot easier to short tvix and hold it intermediate term than try to get in and out several times a day. Usually you end up making less than doing nothing. I gotcha. We've done very well daytrading /scalping shorting these VIX ETPs and using heavy leverage to maximize gains. I was riding a fed call earlier I was so maxed out on short VXX. But just be careful going forward, even with bullish charts and confirmed uptrend -- all it takes is one overnight / weekend black swan and you can potentially end your trading career -- depending on size of position and if leveraged of course. just my 2 cents We've also looked into hedging strategies but to no avail... Walnut is a master options trader
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Post by lasvegas77 on Mar 13, 2017 12:59:05 GMT -5
That's true. But a black swan can also happen during market hours. Also, if you initiated a large short near the top of a substantial pop, you could still survive a black swan type event conceivably if it happened long enough ago.
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Post by theMist on Mar 13, 2017 13:03:17 GMT -5
That's true. But a black swan can also happen during market hours. Also, if you initiated a large short near the top of a substantial pop, you could still survive a black swan type event conceivably if it happened long enough ago. But I watch my positions like a hawk during trading day and I can simply cover and get out. At midnight, I am toast. lol Also, election night, I was all cash and even in my 401(k). Could you imagine being short all in TVIX overnight on election night?!?! I would have had a heart attack and wanted out immediately first thing in the morning. Instead I was heavily shorting VIX SCAMs the next morning in premarket and loving it.
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Post by lasvegas77 on Mar 13, 2017 13:05:34 GMT -5
I was in cash election night. I don't trade during anticipated volatile events.
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Post by theMist on Mar 13, 2017 13:07:09 GMT -5
So what are your thoughts Las Vegas going into final hour?
Weak VXX or final hour pop?
You got the call right on Friday
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Post by theMist on Mar 13, 2017 13:07:38 GMT -5
I was in cash election night. I don't trade during anticipated volatile events. That's good to hear. Same here my friend. Risk/reward not worth it.
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Post by lasvegas77 on Mar 13, 2017 13:07:54 GMT -5
Best guess is it will close near the low.
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Post by walnut on Mar 13, 2017 13:08:19 GMT -5
I've been just checking in, thinking I don't want to be short coming up against the fed, even though I was tempted to stay short
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Post by theMist on Mar 13, 2017 13:09:09 GMT -5
Best guess is it will close near the low. S&P flat action with VXX confirmed new low and bearish VXX charts...I'd say so But would really be nice to have our hands on that imbalance data. Walnut - did you ever contact IB?
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Post by theMist on Mar 13, 2017 13:15:36 GMT -5
just to be mindful -- lower BB on VXX daily at 16.66
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Post by theMist on Mar 13, 2017 13:34:29 GMT -5
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Post by theMist on Mar 13, 2017 13:44:06 GMT -5
Up 4-5k on the day
Closing out VXX short at 16.65
taking profits before final hour and also some support in this area as well as lower BB on daily, 15 min charts
tomorrow is another day
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Post by theMist on Mar 13, 2017 14:08:28 GMT -5
talk to you guys later
GL
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