i am determined to become a millionare shorting vxx to death
i will short vxx until i hundred fold my money!
i dream of becoming a millionaire and buy a small house in S. California and help out my mom.
shorting vxx will make me a millionaire
vxx will sink to 10, and will reverse split by the fall.
I made over 1M last year on a short VXX bet but I had much more than that to begin with! You better have some capital my friend! VXX is a scary product when it pops and it is a guarantee it will. I would never recommened more than 1/3 of your cash in VXX. On the day where VXX pops 20% on a single days trade you MUST pare back your 1/3 to 20% of cash and ride it out for 30 days. That will be the sign VXX is about to go vertical temporarily.
To hold VXX fully or margined is only to have your account to go to $0. This is a guarantee!
You could do very well shorting VXX just be careful to not go all in. Personally, I'd not short more than 30-35% of Cash (don't use margin ever when shorting VXX). I added more shorts today just to compound my gains. I hardly ever short on down days...