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iPath S&P 500 VIX ST Futures ETN Message Board

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  • do.john67 do.john67 Sep 13, 2011 9:08 AM Flag

    All in long VXX. 47.2

    You are right. And, with VXX, you probably have a better chance of getting it right by shorting it than with most stocks, etf's. But, has the potential to move quickly in either direction. If you just happen to get it wrong, it may be a painful experience.
    One thing I've learned trading the market for many years now, is that there is no such thing as easy money. I have heard of people turning 5 digit accounts into 7 digit accounts in short periods of time, but has never worked that way for me.
    I believe in protecting my capital, and letting it gradually grow with strategic trades based on reasonably good timing and well thought out trades.
    I try to always have some buying power to take advantage of extreme market behavior or moments. And, I try to never get in situations where I end up holding long term positions in stocks or etf's that resulted from a bad outcome from a trade.
    I never fall in love with a stock. And, I have no problem taking profits. I occasionally day trade, swing trade mostly, and have a few long positions in my portfolio.
    I made 20% return on my account last year, and only slightly down for this year. So I am no "master trader", at least not yet. But, I am getting better at this, and look forward to the future.
    One disadvantage, I have a day job, and cannot always trade. But, I wouldn't be trading at all if I didn't have my day job!

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