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Post by walnut on Feb 9, 2017 14:56:06 GMT -5
They have a bunch of tvix but no uvxy Was just curious - IB have any shares of UVXY, VXX to short? Scottrade has VXX and not UVXY.
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Post by theMist on Feb 9, 2017 15:01:03 GMT -5
Was just curious - IB have any shares of UVXY, VXX to short? Scottrade has VXX and not UVXY. Just called Scottrade. If (BIG IF) I wanted to short more, I am unable to using TVIX, UVXY. Only VXX is available which is still good. I definitely have to open up IB account and will keep both. Between the 2 brokers, I shouldnt have any problems (even in premarket 6amESt-7amEST) in getting shares to short. Thx for checking Walnut BTW - we cannot short TVIX anymore. It's below $5. See below. Can you with IB?
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Post by theMist on Feb 9, 2017 15:04:14 GMT -5
CNBC quick news flash
TRUMP - Unbelievable tax announcement coming in few weeks! Hopefully he does something with Capital Gains as well. I'm going to get crushed a little with my daytrading. lol
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Post by walnut on Feb 9, 2017 15:12:42 GMT -5
IB seems to still allow shorting TVIX
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Post by walnut on Feb 9, 2017 15:14:32 GMT -5
I've drawn that VXX support line on my chart, trying to decide what to do if we get there.
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Post by theMist on Feb 9, 2017 15:14:55 GMT -5
IB seems to still allow shorting TVIX Really?! You sure? Even though its under $5??
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Post by theMist on Feb 9, 2017 15:16:14 GMT -5
I've drawn that VXX support line on my chart, trying to decide what to do if we get there. It's not going to happen today. Not enough time left in trading day. Maybe tomorrow. Look at S&P Daily chart. Just today -- MACD just turned bullish and MACD Histogram just ticked over zero line. So this move in S&P should have more legs in short term. Look at DI lines and how green is over red (which is bullish) an ADX is rising up confirming this bullish move. Just need to see S&P price action continue to rise and I believe it will do with all those higher bullish targets. Just a question of how we get there. Little pullbacks in S&P, some consolidation, etc. But longer term targets are still SUP 2313ish (diamond pattern) and SP2450ish (large inverse H&S). Always a question of how we get there.
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Post by walnut on Feb 9, 2017 15:22:51 GMT -5
I got it right to "transmit", it always says if there is a problem there, but the only way i could know for sure is to hit "transmit" IB seems to still allow shorting TVIX Really?! You sure? Even though its under $5??
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Post by walnut on Feb 9, 2017 15:26:55 GMT -5
I gotta go to work tomorrow, hope things stay calm
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Post by theMist on Feb 9, 2017 15:28:55 GMT -5
I've drawn that VXX support line on my chart, trying to decide what to do if we get there. We're bouncing a little at VXX light red line descending support right now as I type. VXX looks like it wants to form a little bear flag in this area before continuing lower. Look at VXX Hourly indicators -- still bearish. BUT ALWAYS REMEMBER TO WATCH ALL TIME FRAMES. Especially to see if they put in a potential bottoming candle like a hammer candlestick. And obviously, if it did, would need solid confirmation with the following candlestick to validate. And obviously, you have to look at all the indicators on all time frames along with Bollinger Bands. We all know what BBs can do. lol When short the SCAMs, I closely watch all timeframes for S&P, then all timeframes for VXX. Along with vix futures - contango. That's all it really comes down to along with making the right trade and managing risk. It's that simple. lol
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Post by theMist on Feb 9, 2017 15:29:20 GMT -5
I gotta go to work tomorrow, hope things stay calm So what is your exit strategy? Taking some off the table before close/AH? Leaving some on overnight? I'm locking in a lot of profits before AH close My usual - take some off and take some profits before market close and leave some on for AH Can always reshort SCAMs tomorrow VXX can go back and forth in this little channel and possible go back to VXX 1850 area then turn back down, etc. Look at the descending channel lines I have drawn. contango now 13-14%
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Post by theMist on Feb 9, 2017 15:34:44 GMT -5
A little EOD profit taking
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Post by walnut on Feb 9, 2017 15:43:04 GMT -5
I saw that crazy contango, I think we are likely back in a bear cycle for the scams. I am planning on leaving most of it short and watch it from on the road tomorrow I gotta go to work tomorrow, hope things stay calm So what is your exit strategy? Taking some off the table before close/AH? Leaving some on overnight? I'm locking in a lot of profits before AH close My usual - take some off and take some profits before market close and leave some on for AH Can always reshort SCAMs tomorrow VXX can go back and forth in this little channel and possible go back to VXX 1850 area then turn back down, etc. Look at the descending channel lines I have drawn. contango now 13-14%
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Post by theMist on Feb 9, 2017 15:45:03 GMT -5
I saw that crazy contango, I think we are likely back in a bear cycle for the scams. I am planning on leaving most of it short and watch it from on the road tomorrow So what is your exit strategy? Taking some off the table before close/AH? Leaving some on overnight? I'm locking in a lot of profits before AH close My usual - take some off and take some profits before market close and leave some on for AH Can always reshort SCAMs tomorrow VXX can go back and forth in this little channel and possible go back to VXX 1850 area then turn back down, etc. Look at the descending channel lines I have drawn. contango now 13-14% At least you have that awesome ability to set that alert and conditional order. Not that I think its really necessary for overnight tonight BUT definitely good to have.
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Post by walnut on Feb 9, 2017 15:46:12 GMT -5
I'd trade weather with you, we have these strong Texas winds this winter blowing up all their pollen from the cedar trees. For me it is like having the flu all winter. I seriously want to make some money and move out of here, the allergies are just too bad here. I feel like crap today
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Post by theMist on Feb 9, 2017 15:50:30 GMT -5
Always that little EOD pop in the SCAMs during the last hour of trading.
Would love to see SCAMs drop back down and take out LOD again but I doubt it for today.
Looks like I will be shorting UVXY tomorrow. lol
Definitely taking some profits going into close and AH
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Post by walnut on Feb 9, 2017 15:55:19 GMT -5
That late day pop has been predictable lately as people are covering for sure
In January it wasn't doing that though
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Post by theMist on Feb 9, 2017 15:57:28 GMT -5
33k bid to cover at 4.86
may raise it a little just to close out and lock in some profits
will leave me with 12k for AH
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Post by walnut on Feb 9, 2017 15:57:57 GMT -5
Still no UVXY available at IB
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Post by theMist on Feb 9, 2017 16:01:21 GMT -5
33k bid to cover at 4.86 may raise it a little just to close out and lock in some profits will leave me with 12k for AH Changed it to 4.89 and only got 5k covered Still have 40k short TVIX. Should be down in AH Will close out remaining at lower prices in AH. Always that BS EOD final hour pop. Stink bid to cover 30k 40K in AH at 4.84. Looking for quick spike down in AH and hopefully grab my shares. BUT overall up very nicely today.
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