|
Post by theMist on Jun 30, 2017 6:19:58 GMT -5
I was up. Are you shorting? yes but unlike you I only could get some at 12.53. Earlier it was in 12.60s and under 12.67 pivot It's going to undo the entire spike even if it pops a little back to 12.60 range. So down to 12.37 then eventually 12.20 range again VXX 12.52
|
|
|
Post by walnut on Jun 30, 2017 6:21:38 GMT -5
I was here at 6 central, that is about as early as I am willing to mess with this trading biz.
|
|
|
Post by theMist on Jun 30, 2017 6:23:35 GMT -5
I was here at 6 central, that is about as early as I am willing to mess with this trading biz. At 5am EST it went from 12.70s down to 12.60s I wish I could have that opp to short at that price BTW when VXX dropped back down hard it hit VXX 12.61 maybe that will be the HOD for today
|
|
|
Post by walnut on Jun 30, 2017 6:32:44 GMT -5
So that was 4 am here...
I know that easy money can be made in premarket and I have done it, but I don't like it as much, I don't think it is as safe, the indicators don't work as clearly. Not selling pm kept me from getting a lousy average yesterday.
|
|
|
Post by walnut on Jun 30, 2017 6:34:49 GMT -5
I hope to get a bounce back up but may not.
|
|
|
Post by theMist on Jun 30, 2017 6:38:04 GMT -5
My phone call regarding Margin (FED) Call from Scottrade yesterday -
Scottrade: Rob? Rob: Yes, I know about it. Don't worry I'll be out of the position by market close Scottrade: K. But your account is down 80k Rob: I know. Don't worry I'm pounding the VIX SCAMs! Scottrade: What? Rob: Don't worry I'm pounding them! Scottrade: What's pounding them? Rob: You know - pounding them with Mr. Buzzkill! Ye of Little Faith! Don't touch my account!!! Scottrade: Oh, okay
ROFLMAO
|
|
|
Post by walnut on Jun 30, 2017 6:45:46 GMT -5
At IB they would have sold you out without a phone call. Their margin management system is computerized and BRUTAL. That's why I asked you the other day, you mean you are really ALL in? At IB you just can't really do that.
|
|
|
Post by walnut on Jun 30, 2017 6:47:20 GMT -5
I might need to move to Scottrade so I can safely use a little more leverage. I never get even close to max position at IB.
|
|
|
Post by theMist on Jun 30, 2017 6:48:09 GMT -5
At IB they would have sold you out without a phone call. Their margin management system is computerized and BRUTAL. That's why I asked you the other day, you mean you are really ALL in? At IB you just can't really do that. I know. IB has real time liquidation That's one the major positives with Scottrade. You can hold a margin call with Scottrade overnight for several days BUT a Fed call you can't hold overnight. If you do, you risk them taking away your margin. Fed call is absolute maximum leverage. If I intended to hold overnight I would have to drop the position down so it's just a margin call and not a fed call. It's still a lot of leverage with regular margin.
|
|
|
Post by theMist on Jun 30, 2017 7:07:36 GMT -5
Just now hit 12.61 in premarket -- may still hit 12.61 during reg session and of course just dropped back to 12.56 If you're not sure of where this little pop will end, you nibble a little into it leaving dry powder of course BUT after a vertical nasty spike to that UPPER BB to 14.16 yesterday and dropped just as fast all the way back down to 12.50 range (as I type) and is now back under 10sma and back in descending channel I strongly believe VXX will undo the entire spike which started at 12.37 and eventually back down to 12.20 range These one day selloffs in the markets have turned into half day selloffs if you haven't noticed Until S&P hits SP2468-2500 range I believe it will be safe shorting the VIX SCAMs
|
|
|
Post by walnut on Jun 30, 2017 7:15:42 GMT -5
have been on the phone with truckers coming to pick up loads
|
|