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Post by lasvegas77 on Aug 11, 2017 12:45:59 GMT -5
There's a hair of contango back again. Still has a negative roll yeild though.
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Post by theMist on Aug 11, 2017 13:25:55 GMT -5
Amazing how VIX SCAMs are strong while markets are UP
If market sells, they will take another leg up
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Post by theMist on Aug 11, 2017 13:32:01 GMT -5
Looks like VIX SCAMs want to launch again
I'm still long about 10k shares VXX and have soxs, spxu in IRA
VXX now looks like it wants 100dsma at 13.84ish
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Post by walnut on Aug 11, 2017 13:47:21 GMT -5
It's all North Korea excitement on the news, would be difficult for market to recover actually. Don't see it happening
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Post by lasvegas77 on Aug 11, 2017 13:48:58 GMT -5
That's impressive Mist. Not many people get to make money with those most of the time. I guess it's good i ended up doing nothing today. There may be a good intermediate short on tvix after the war breaks out.
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Post by theMist on Aug 11, 2017 13:54:12 GMT -5
That's impressive Mist. Not many people get to make money with those most of the time. I guess it's good i ended up doing nothing today. There may be a good intermediate short on tvix after the war breaks out. What sucks is that once I hold overnight (on margin) in trading account with Scottrade I only get one trade the following day. Because no Day Trade Buying Power coming into the trading day. So I sold 30k VXX today above 13 but obviously didn't get best price. Who knew SCAMs would be this strong even with a green market. VIX SCAMS barely pulled back before relaunching lol I went full on BEAR about 2-3 weeks ago even in my IRA
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Post by theMist on Aug 11, 2017 14:06:32 GMT -5
VXX just tapped 100dsma @ 13.84
might (keyword 'might') pullback little now
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Post by walnut on Aug 11, 2017 14:15:39 GMT -5
I'll be here tomorrow and next week Red River NM, Not sure if I want to try to trade or not. I do not know what the market is going to do.
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Post by ipath on Aug 11, 2017 14:16:12 GMT -5
I sold most of my TVIX positions too around 22.. also still short the market but that's not as good as being long SCAMS now
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Post by walnut on Aug 11, 2017 14:18:00 GMT -5
wow that vxx took off
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Post by lasvegas77 on Aug 11, 2017 14:19:09 GMT -5
I'm not sure how you sat through those initial losses guys. Most people just keep losing on those when they hold too long.
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Post by theMist on Aug 11, 2017 14:21:24 GMT -5
Kicking myself for dumping 30k VXX in low 13s now lol
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Post by ipath on Aug 11, 2017 14:24:27 GMT -5
I'm not sure how you sat through those initial losses guys. Most people just keep losing on those when they hold too long. My average on TVIX was 17.90 I think and it did hurt when it got into 15s. But I knew it had to go back to at least 20 after the strong bull run in snp
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Post by ipath on Aug 11, 2017 14:25:07 GMT -5
Kicking myself for dumping 30k VXX in low 13s now lol ohh trust me I know the feeling
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Post by theMist on Aug 11, 2017 14:26:48 GMT -5
Have a good weekend everyone
Now I hope VXX drops back down lol
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Post by ipath on Aug 11, 2017 14:31:18 GMT -5
I can already see VXX on Monday at 12 when the world sees that there wont be any war
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Post by theMist on Aug 11, 2017 14:42:30 GMT -5
I can already see VXX on Monday at 12 when the world sees that there wont be any war I agree - I just dumped VXX in my IRA Teh way I see it -- Question was does VXX rise up to hit 100dsma then pullback? OR pullback back test and then rise up to 100dsma. I think VXX pulls back now also and then we'll take it from there GL TTYL
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Post by ipath on Aug 11, 2017 16:28:03 GMT -5
I also sold all my bear positions... Just have some EEM put options in case the world goes down. I also initiated some short positions in SCAMS when they started falling after the touchdown... not much only 5k worth of put options in VXX
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Post by ipath on Aug 11, 2017 16:29:37 GMT -5
best week so far, thanks God they finally hit that sell button.. Have a great weekend all!
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Post by novie08 on Aug 13, 2017 9:29:27 GMT -5
I'll be here tomorrow and next week Red River NM, Not sure if I want to try to trade or not. I do not know what the market is going to do. Goodness, it should be no contest. Enjoy that beautiful place and your family!
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