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Post by theMist on Apr 12, 2018 8:41:03 GMT -5
Thinking this correction is coming to an end soon -- been almost 3 months
correction of 2011 lasted little over 3 months
Earning season coming up and I believe VIX SCAMs may look to curl down soon
Looking to average in TVIX short slowly in next few days
new account with Fidelity -- funding it today
S&P looks to be putting in a bottom pattern in this range and is still in bullish trend of 2009 lows
talk to you guys soon
GL ALL
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Post by lasvegas77 on Apr 12, 2018 11:42:47 GMT -5
oh my. I think you are getting in a bit early. I'm gonna sit for some stronger contango before i get involved with this again. This is one of the longest times I have stayed out of the market ever without a single trade. It's now since around mid January i believe. In the meantime, I've enjoyed sleeping in.
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Post by theMist on Apr 12, 2018 14:17:43 GMT -5
S&P Hourly Chart This consolidation on in circle area could be setting up an iH&S bottom pattern If plays out could bring S&P back to SP2800  |
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Post by theMist on Apr 12, 2018 17:11:08 GMT -5
LV -- I opened an account with Fidelity -- I should be ready to roll by tomorrow
Will start off small and thinking more long term
The merger of Scottrade and TD Ameritrade produces zero shares of TVIX, UVXY, VXX (rarely available)
to short
with Fidelity cost of borrowing
TVIX 4%
UVXY 13% !!! (I wonder why so high - maybe because more traders trust it being a ETF?)
VXX 1.5%
that 100% equity requirement for TVIX sucks but better then no shares to short
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Post by lasvegas77 on Apr 16, 2018 11:51:14 GMT -5
Oh great. Now i have to compete for shares with you when I start trading again  They apparently raised the price of borrowing dramatically. It used to be about 2.5-3% borrowing on tvix and 10 for uvxy. That's frustrating to hear about Ameritrade not having any shares to short. I have a pretty decent account with them and haven't tried yet. I may have to move my money over. |
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Post by theMist on Apr 16, 2018 12:58:24 GMT -5
lol LV
This time I think were going to get a good run so I plan on shorting TVIX and sitting on it for a while
I'll check in later
Fidelity finally has my corp brokerage acct setup so funding it today
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Post by lasvegas77 on Apr 16, 2018 19:36:44 GMT -5
yeah i wouldn't be surprised to find a good period of time to hold it short. I'm not quite there yet on being convinced as the contango is paltry still.
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Post by walnut on Apr 17, 2018 7:33:13 GMT -5
The contango curve is looking much healthier but if hangs around 5 it has historically been quick to touch backwardation again. I'd like to see it shoot up back higher again and then we will have a more sustainable environment to make money.
The daily stochastic does look like it has room to drop further though. But the hourly stochastic seems to be getting a little tired
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