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Post by theMist on Mar 10, 2017 15:45:35 GMT -5
Sold and shorted
But I always exit my positions by AH close. I never hold overnight.
But I think next week will be a directional move.
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Post by lasvegas77 on Mar 10, 2017 15:47:14 GMT -5
where was it when you closed?
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Post by theMist on Mar 10, 2017 15:50:40 GMT -5
Market on close 400m to sell
VXX 17.09 now short VXX 15k
VXX 17.01
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Post by lasvegas77 on Mar 10, 2017 15:52:35 GMT -5
that's too bad you didn't take your 1% gain you had at the time.
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Post by novie08 on Mar 10, 2017 15:54:02 GMT -5
JMO, as everyone here knows, am frequently wrong but would think with G-20 next Fri/Sat., they would want markets UP. Not sure about the dollar/oil/PMs.
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Post by theMist on Mar 10, 2017 15:54:04 GMT -5
that's too bad you didn't take your 1% gain you had at the time. I know - tell me about it
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Post by theMist on Mar 10, 2017 15:54:31 GMT -5
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Post by lasvegas77 on Mar 10, 2017 15:54:53 GMT -5
you were saying you would have covered as soon as it turned green but then was really green by vxx standards.
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Post by lasvegas77 on Mar 10, 2017 15:57:56 GMT -5
Charting is only part of the equation with vxx especially. They almost always universally sell the vix friday afternoon unless the market is in freefall already.
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Post by theMist on Mar 10, 2017 15:58:22 GMT -5
you were saying you would have covered as soon as it turned green but then was really green by vxx standards. I was saying to short VXX when went green I was long for a scalp and should have sold and flipped the trade then when it was green. I flipped it when it was lower.
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Post by lasvegas77 on Mar 10, 2017 15:59:43 GMT -5
you have to be super fast on your toes when you are long vxx. It almost always reverses very rapidly. The algos will beat you if you don't get ahead of them.
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Post by theMist on Mar 10, 2017 16:01:03 GMT -5
It's not an easy trade for sure
I'll talk to you guys later
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Post by lasvegas77 on Mar 10, 2017 16:02:37 GMT -5
I don't think i would ever try to scalp vxx. I might consider going long for an intermediate term trade though.
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Post by lasvegas77 on Mar 10, 2017 16:16:51 GMT -5
I had a feeling when vxx crossed back above 17 on wed that it probably wouldn't go back down until next week.
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Post by theMist on Mar 10, 2017 16:20:31 GMT -5
I had a feeling when vxx crossed back above 17 on wed that it probably wouldn't go back down until next week. I hope your right -- I know you have a lot riding on the trade still
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Post by Lasvegas77 on Mar 10, 2017 16:27:22 GMT -5
Yeah. Sure do.
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Post by lasvegas77 on Mar 10, 2017 17:39:40 GMT -5
I must say, as hard as it has been to hold this trash short this week, i have been steadily improving my account after the spike by the close today. Looks like they might rally the market into the rate hike.
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Post by clinton on Mar 11, 2017 16:57:55 GMT -5
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Post by theMist on Mar 11, 2017 17:30:44 GMT -5
Well, this is good news. Not sure if you're aware Walnut and not sure how you have your business setup.
New deadline for filing S-Corp taxes is now April 15th instead of March 15th.
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Post by walnut on Mar 12, 2017 9:02:52 GMT -5
That is good
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