shorted naked 11K VXX at 24.65 pre-market.
looking for 50 cents by tomorrow.
In due time you will get your 50 cents. I have a sneaky suspicion you might have to wait longer than you would like however if you didn't just cover.
What do you think Wes...market muddling along or correction coming sooner than later. I do not like to buy VXX and stay long, but it has been good for me for short term trades. I do not short any stocks or ETF due to lack of knowledge, but bought VXX last Friday to hedge my stock portfolio. Probably should have sold today.
out at 24...
realized profit of 65 cents.
NICE TRADE! GOOD ENTRY AND EXIT!
Just like picking up pennies infront of a steamroller, if vol turns around (Which seen as though every man out there is bullish stocks is highly likely), you could lose everything and more.
Nothing like making easy money. You may make a mint in the 1st 1/2 hour of trading!
Hard to make a "mint" on 100 shares that you penny-ante day traders push around- LMAO!!