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Post by novie08 on Apr 3, 2017 11:54:00 GMT -5
Interestingly, many on my buy watch list for long term account are green. Not sure what that means except that they aren't buys yet.
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Post by theMist on Apr 3, 2017 12:01:05 GMT -5
VXX 15 min looks like indicators want to roll over bearish image sharing
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Post by lasvegas77 on Apr 3, 2017 12:07:42 GMT -5
Good morning guys, Mist, what happened on Friday with the short on vxx? Did you hold over the weekend or covered it before the close?
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Post by theMist on Apr 3, 2017 12:14:09 GMT -5
Good morning guys, Mist, what happened on Friday with the short on vxx? Did you hold over the weekend or covered it before the close? I covered for 2500 loss which I've just about gotten back today. My yellow female lab wasn't feeling well and was acting strange. Thank God she's ok.
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Post by walnut on Apr 3, 2017 12:14:53 GMT -5
He bailed on those suckas haha
What a shitty day that was
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Post by walnut on Apr 3, 2017 12:15:54 GMT -5
vix is calming down 12.89
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Post by lasvegas77 on Apr 3, 2017 12:26:24 GMT -5
i see. interesting. I think im gonna hold out here.
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Post by theMist on Apr 3, 2017 12:31:22 GMT -5
i see. interesting. I think im gonna hold out here. I don't blame you -- they're still strong and I expected VXX to tap at least 16 by now I have VXX 16.26 avg
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Post by lasvegas77 on Apr 3, 2017 12:38:58 GMT -5
trading it with this low of contango is extremely risky. I think you are holding a hot potato and it's prone to a big spike at any time.
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Post by theMist on Apr 3, 2017 12:42:48 GMT -5
trading it with this low of contango is extremely risky. I think you are holding a hot potato and it's prone to a big spike at any time. lol - I agree - just looking to scalp here -- not hold overnight might be time to go long VXX
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Post by lasvegas77 on Apr 3, 2017 12:44:52 GMT -5
My issue is if you consistently try to scalp when the vix might spike, eventually you get caught in an epic spike and it can wipe out months of gains you made from the scalps in one bad trade.
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Post by lasvegas77 on Apr 3, 2017 12:45:32 GMT -5
I know because I have lived through it multiple times.
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Post by theMist on Apr 3, 2017 12:48:05 GMT -5
Come on VXX -- rollover already and get back down to 16! VXX 16.19
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Post by theMist on Apr 3, 2017 12:50:17 GMT -5
I know because I have lived through it multiple times. I hope you didn't get hurt badly
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Post by lasvegas77 on Apr 3, 2017 12:53:25 GMT -5
I did. But i learned from it.
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Post by theMist on Apr 3, 2017 12:54:46 GMT -5
I'm looking for that quick backtest of moving averages look at VXX Hourly chart photo storage
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Post by theMist on Apr 3, 2017 13:07:38 GMT -5
Problem is S&P appears to be bear flagging and VXX bull flagging / consolidating
and you are definitely right las Vegas -- do need to be careful with low contango
just looking for that quick move down to VXX 16
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Post by walnut on Apr 3, 2017 13:14:35 GMT -5
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Post by walnut on Apr 3, 2017 13:18:16 GMT -5
Contango yield now about same as T-bills annual yield
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Post by theMist on Apr 3, 2017 13:22:10 GMT -5
I wouldn't be holding anything overnight with that low contango number
they hit the sell button again overnight and SCAMs can spike higher
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