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iPath S&P 500 VIX ST Futures ETN Message Board

  • gowestb777 gowestb777 Apr 10, 2012 2:34 PM Flag

    Grrrrr... down 30K

    The crosscurrents are clear... I traded the VXX (options)... disastrously... So.... here we sit down big again. Looking for the clear thinkers now... not the extreme views.... What's a good entry? Have we begun "the downdraft", or do you expect a bounce up? I sure wish I could have bottled and sold my entry and exit points... as a contrarian indicator... coulda make a mint!

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    • When this goes, it goes. There is little chance for a "downturn." Usually lasts for 30 days and we are 7 days into this in my opinion...

      If you are lookig for a downturn, look at XIV and time it properly.

    • It is hard to say after today. Market been down like mad. I have a feeling if AA just being ok or the market may ignore it and pump it back up a little tomorrow.

      Can't just head straight down for the 9-10 days. It will bounce but don't count on recovery in the market. I will dive again after.

      The trend is down from here another 5% maybe. It may not be a massive correction but the timing in the market is all about down turn ahead. May is here around the corner. Summer is closing in.

    • if SP closes solidly below 50 day ma - more downside to come. Thats all I can really be sure of atm. The markets are pretty crazy this year.

    • I lost a bit holding XIV from the high and letting those profits evaporate over the last 2-3 weeks. Got into UVXY in the morning to reverse the situation. I would be super worried, are you in VXX puts or short/sold calls? The VIX has gone higher 8 days in a row and busted out, and stayed outside of, the upper Bollinger Band. I don't think that's ever happened before. Good luck with your trades. I think we're still early on in the correction. I would get back in XIV if the conditions called for it, but in situations like this is takes what seems like an eternity for a turnaround to the long side.

      What's your experience with options overall? I lost big on options, don't like them. Now I'm back to the bread and butter of just plain non-option stuff.

      • 1 Reply to ihateselfappointedgurus
      • I like options. I like to write them, not buy 'em. Problem is in our uber controlled markets, the little guy is really swimming upstream. Case in point is my 401K... You cannot protect yourself with laddered contract strategies very well. You cannot sell uncovered options in a qualified plan. This truly is a disservice to investors trying to LOWER their exposure to market risk... Those who regulate the markets will tell you about margin... about safety... Their full of it. It's about control, period! So we BUY options and hope to get it right. Pretty tough!

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