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You're obviously new here. The answer is that this is a faulty vehicle. It doesn't track the VIX as it's supposed to do. If you buy this thing, you will lose money. Take my word for it. Stay away.
Faulty? It trades EXACTLY as it suggests in the prospectus. Its not SUPPOSED to track the VIX. Your advice is PURE #$%$
Speak for yourself. I've made an absolute mint trading VXX. Now I wish it was up on days like today, when the Dow is down, but that's ok, I made a bunch trading XIV. These two ETN's are the best!!!
Sentiment: Strong Buy