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Post by theMist on Jan 25, 2017 15:37:29 GMT -5
40K TVIX short - just need one more move lower in SCAMs by eod Come on my Babies!!
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Post by walnut on Jan 25, 2017 15:40:59 GMT -5
If you could just expand your time horizon a little, on the shorts. On your longs I have no advice haha You mean past one day or 10 mins? lol Maybe past one day seriously
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Post by walnut on Jan 25, 2017 15:43:23 GMT -5
I've been thinking that usually a large part of the contango moves come all at once, like yesterday. There might be a way to keep track of that pent up contango stress. I'll think some more about it.
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Post by walnut on Jan 25, 2017 15:56:53 GMT -5
All scam contango pressure has been relieved for now
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Post by walnut on Jan 25, 2017 16:03:52 GMT -5
Basically, we have been talking about the contango number for 3 weeks, and we both missed the epic seismic move that we knew was coming. It happened yesterday
You caught a bunch of it a few days ago though
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Post by theMist on Jan 25, 2017 16:04:18 GMT -5
All scam contango pressure has been relieved for now That's why I didn't get the eod day move lower probably. Now that I dumped all my short shares before close - TVIX is free to trade at $5 in AH. lol Gave back $3500 of profits today which is small. Should have shorted SCAMs early on like you did. I got the EOD move in S&P right and really thought SCAMs were going to drop lower again before close as S&P was pressing S&P2300. Just so you know, I normally don't press moves like that, especially with the SCAMs down 10% yesterday and shorting them today when they are down 4.5%. lol I think we're going to have to be really careful going forward (in the short term) shorting the SCAMs, especially for me when it comes to pressing positions. WE honestly need to get our hands on the daily buy/sell imbalance going into the close which is released around 2pm EST ! Do you have any connections???
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Post by theMist on Jan 25, 2017 16:10:43 GMT -5
All scam contango pressure has been relieved for now On a daily basis, when and how do you know exactly when this happens?
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Post by walnut on Jan 25, 2017 16:13:41 GMT -5
All scam contango pressure has been relieved for now On a daily basis, when and how do you know exactly when this happens? I think we can figure this out I think it is not really a daily basis, but there is a number I am suspecting and I think it could be counted
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Post by theMist on Jan 25, 2017 16:14:06 GMT -5
Not now Walnut! Not today! Don't jinx it! lmao I'm now 35k short TVIX trying to recoup a small loss from earlier and make some money today!! By close, I will be out of position. I'm hoping that ALL 5 BEARS that are left today cover their short S&P position. lol 35k TVIX without doing the math that sounds like an incredible amount of 3x leveraged power.. to build or destroy ha you better be careful How do you think I was able to double my account since elections? But I do agree, going forward I need to be careful and refrain from pressing positions like this UNLESS I see a really, really, really good setup. Obviously, today wasn't the day.
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Post by walnut on Jan 25, 2017 16:17:12 GMT -5
Mine's up by 50%
This is crude talk haha
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Post by theMist on Jan 25, 2017 16:21:27 GMT -5
ttyl - I'll check in again within the hour
BTW - Another BREAKAWAY GAP down in VXX today. That's 3 since January 4th.
This cannot end well. Seriously.
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Post by theMist on Jan 25, 2017 19:46:43 GMT -5
To sum up today's action in Vix Scams
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Post by novie08 on Jan 25, 2017 19:52:21 GMT -5
Am in awe of you guys...when you say this cannot end well, do you mean we are in for a Yuge correction in the markets or just reversals in the scams? Looks like to me VIX was lower in '07 than now.
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Post by theMist on Jan 25, 2017 20:11:34 GMT -5
Am in awe of you guys...when you say this cannot end well, do you mean we are in for a Yuge correction in the markets or just reversals in the scams? Looks like to me VIX was lower in '07 than now. When they do decide to pull the plug it's not going to be pretty. Correction.
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Post by birthmark on Jan 25, 2017 20:59:51 GMT -5
Soooo tempted to get some UVXY at eod.
I feel the trapdoor will open very soon...
GL
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Post by walnut on Jan 25, 2017 21:19:29 GMT -5
Well, now the VIX index is at 10.81, that is very very low alright. Pretty much can only go up from here, and it will
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Post by walnut on Jan 25, 2017 21:28:22 GMT -5
FWIW, Oscar says another green day tomorrow
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Post by theMist on Jan 25, 2017 21:33:31 GMT -5
Well, now the VIX index is at 10.81, that is very very low alright. Pretty much can only go up from here, and it will
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Post by theMist on Jan 25, 2017 21:38:55 GMT -5
Just for that statement Walnut - shave another 10% off the Vix Scams. Roflmao
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Post by walnut on Jan 25, 2017 21:43:27 GMT -5
It can bounce around down here for a little while
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