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Post by theMist on Feb 2, 2017 14:31:50 GMT -5
The red candle on the spy ought to be done soon I just wish you had a better cost avg. I'm not reshorting yet. I'll let you know if I do. If I do it will be real quick scalps and won't be looking for an end of day going into the close type of move lower in SCAMs I'm already up on the day. I have to be honest and call it like I see it - they do appear to be trying to put in a bottom with this entire diamond pattern. I wish it had not bounced hard off that lower BB at 19.04 VXX 19.28 |
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Post by walnut on Feb 2, 2017 14:37:06 GMT -5
Stopped out at 19.28 took a little loss this week. Couldn't stick with it past today
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Post by walnut on Feb 2, 2017 14:37:41 GMT -5
I'm learning haha
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Post by theMist on Feb 2, 2017 14:38:59 GMT -5
VXX 15 min Bounced off lower BB at 19.04 and put in solid green candle Waiting to see if looks like it wants to rollover again. Moves have been small moves back and forth  |
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Post by walnut on Feb 2, 2017 14:40:30 GMT -5
I can make that back. Been holding my losses to a minimum while I adjust to this technical style of trading. This is a little different for me but I think I am learning.
My old sell and hold is not tenable any more I don't think so I am going to need to adjust.
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Post by theMist on Feb 2, 2017 14:41:02 GMT -5
You need to start charting like me and Huh. The moves are so fast in the SCAMs that by the time I draw lines on charts, save them and then upload them (watch a stupid progressive or H&R Block commercial) with TinyPIC and type a long paragraph and post it -- the move already happened. I think I only had a min or two to warn you of that lower BB and possible bounce. And the bounce happened so fast. I was trying to remain hopeful but I think the LOD is in for VXX You'll get it back easily |
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Post by walnut on Feb 2, 2017 14:42:24 GMT -5
Yeah I know You need to start charting like me and Huh. The moves are so fast in the SCAMs that by the time I draw lines on charts, save them and then upload them (watch a stupid progressive or H&R Block commercial) with TinyPIC and type a long paragraph and post it -- the move already happened. |
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Post by walnut on Feb 2, 2017 14:42:56 GMT -5
I don't feel too bad, this VXX is still looking pretty shitty
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Post by theMist on Feb 2, 2017 14:44:50 GMT -5
I don't feel too bad, this VXX is still looking pretty shitty We'll get it back. Just IMO don't leave short position on overnight. It's not worth it. And you put me in a position. lol And didn't my early premarket post say to you "I wish you were with me on this trade" But that's OK -- They'll be plenty of opps going forward. I'm already up nicely on the day. And really not looking to put another trade on going into final hour. I would be trying to force a short SCAM position if I do and that's not good. And I am certainly not going long the SCAMs. |
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Post by walnut on Feb 2, 2017 14:53:46 GMT -5
It was clearly that lower bollinger band that caused that VXX rally so there you go. Charting works. I just saw it happen again.
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Post by theMist on Feb 2, 2017 15:25:19 GMT -5
It was clearly that lower bollinger band that caused that VXX rally so there you go. Charting works. I just saw it happen again. The best way to trade the SCAMs. Let's assume TVIX. 1. Read and understand clearly the prospectus and then you realize what TVIX ETN is -- its simply a SCAM that's designed to go down over time and preys on unknowing investors. 2. Read all the articles on Six Figure Investing as well as vix and more blog so you understand all the dangers of shorting TVIX and understand how ETNs work 3. Have strong understanding of spot VIX, VIX Futures (contango v. backardation). Use Vixcentral.com as tool 4. Have strong TA skills when it comes to charting S&P, VXX, spot VIX -- and in that order of importance 5. Making the Trade and Manage Risk (this is extremely important and is a entire teaching all unto itself) -- Decide your trading approach to shorting TVIX -- long term, short term, daytrading... I may have left out a point or two BUT after you've gained a full knowledge of all of the above, after awhile you should learn to have really good trading judgement and that comes with experience. And in the end, having good trading judgment and making successful trades is all that really matters. Hope this helps anyone considering trading volatility  |
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Post by theMist on Feb 2, 2017 15:50:41 GMT -5
800M to buy side
Love how CNBC releases this data 10 mins before the market close. lol
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Post by walnut on Feb 2, 2017 15:58:59 GMT -5
But the scams are strong. kinda mixed signals
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Post by theMist on Feb 2, 2017 16:04:57 GMT -5
But the scams are strong. kinda mixed signals The are overdue for a nice pop to the upside to fill that next nearest BREAKAWAY GAP VXX 20.32-20.50 Then the small BREAKAWAY GAP above that at VXX 23.43-23.62 made back on January 4th |
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Post by walnut on Feb 2, 2017 16:07:04 GMT -5
Those are the gaps I want to sell
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Post by theMist on Feb 2, 2017 16:30:23 GMT -5
Tomorrow will be a better day!
VIX SCAMs are up in AH. We want them up in premarket tomorrow morning as well. I'll be up early again around 6AM EST.
I'll check in late tonight after taking a look at charts, futures.
ttyl
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Post by huh on Feb 2, 2017 20:53:07 GMT -5
...by the time I draw lines on charts, save them and then upload them (watch a stupid progressive or H&R Block commercial) with TinyPIC ... Try using postimage.io/ instead for image hosting. Posts quickly and one click to copy link to clipboard. It'll save you a few seconds. As for the typing paragraphs, can't help you much there. LOL |
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Post by walnut on Feb 2, 2017 23:30:48 GMT -5
Just ordered a 32 inch monitor. That ought to be enough space to have all the things going at once that I need to flip back and forth to.
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