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Post by theMist on Feb 22, 2017 15:46:13 GMT -5
Chris -- Are you holding some overnight?
I'm going to leave some on to close out in AH. I think VIX SCAMs will be down a little in AH.
VXX 17.76
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Post by walnut on Feb 22, 2017 15:47:32 GMT -5
No, just those short calls, which by the way might be an attractive thing. Will be thinking on it more tonight
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Post by theMist on Feb 22, 2017 15:48:11 GMT -5
No, just those short calls, which by the way might be an attractive thing. Will be thinking on it more tonight Did you give some thought about creating virtual security to calculate daily drop rates?
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Post by theMist on Feb 22, 2017 15:50:37 GMT -5
Market on close orders -- BUY 250M
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Post by lasvegas77 on Feb 22, 2017 15:55:40 GMT -5
themist, I use fundamentals and charts. I look at the vix curve. But primarily i am good at recognizing certain patterns that have worked well for me in the past. Long term charts don't typically work too well with the tvix unless you are in a changing market environment.
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Post by walnut on Feb 22, 2017 16:02:36 GMT -5
I'm planning to do it pretty soon, next couple of days No, just those short calls, which by the way might be an attractive thing. Will be thinking on it more tonight Did you give some thought about creating virtual security to calculate daily drop rates?
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Post by theMist on Feb 22, 2017 16:07:55 GMT -5
I'll talk to you guys later...
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Post by theMist on Feb 22, 2017 20:48:26 GMT -5
Note to self: when target gets hit take full profits
And even said had a feeling VXX was going to bounce hard. Lol
New rule:. Keep it small going forward until easy trade returns. Already have been since Scottrade fiasco but will keep it even smaller going forward. Days of shorting 50k TVIX at these prices are long over. Sitting on heavy profits and need to keep it that way.
Also need to have one brokerage account. At times scams move too fast to move between accounts. So will be with IB fully
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Post by novie08 on Feb 22, 2017 23:10:34 GMT -5
PMs dropping with the dollar :scratches head then shrugs: logging out for the day - screw it. Me, too. Metals up, miners down. Go figure. Could be the rising rates syndrome. Markets very indecisive today.
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Post by theMist on Feb 23, 2017 7:51:34 GMT -5
short 13k tvix right now
tvix 4.56 in pre
Have to be careful going forward shorting SCAMs. IMO They are still showing signs of strength with rising ES.
Keeping it to quick scalps going forward and leaving lots of dry powder. AND WILL BE TAKING FULL PROFITS ON SCALPS WHEN TARGET GETS HIT
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Post by theMist on Feb 23, 2017 7:59:50 GMT -5
Looking back -- On a positive note -
I started shorting TVIX very aggressively way back at that blue arrow. That was the premarket the morning after the elections.
Chris, we've played this stellar bull run beautifully my friend! We've even played this skyrocketing channel in S&P beautifully when you think about it! We've gone along with the herd mentality and played it beautifully and we didn't take a hard contrarian stance and fight against it.
But I think you'd agree that the environment has gotten a little more tougher to trade.
It is difficult as a chartist lately to make short term calls in S&P. It is even more difficult to trade the SCAMs when they are not trading as we would say 'normal'. So with that I will keep it small until the easy trade returns. Quick scalps during the day only for me.
just my 2 cents
BTW - now that I've said that, I'm sure VXX will be making new all time lows once again! lol They have amazed me before and at times have stood back in AWE of them!! lmao
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Post by walnut on Feb 23, 2017 8:02:41 GMT -5
I think that they are due for a drop soon. Even still, now they are hard to trade.
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