I didn't hold VXX that day. But, was a day that I will never forget. I had recently set up an autotrade in my account with a trading company. Somehow I ended up with a naked put position on an index etf. I knew that it was a risky position but was hesitant to close it right away, because thought I would be violating the agreement that I had with the trading company doing my autotrades.
I should have had a naked call position as well, but my account wasn't allowed to have naked calls with index etf's so that trade was not allowed. So my account was truly imbalanced.
During the flash crash, my six figure trading account reflected a balance at one point of a negative 5 figure account. Now, I am not sure if that was a technical malfunction of my trading account, or a reflection of what my account was temporarily worth based on losses from spreads and naked put on index etf.
My financial life flashed before my eyes. I have since, learned how to do my own trades, and never allow such extreme imbalances exist in my acount that some fat finger or 0.1%er could take me out with a single trade!
I first fell in love with this turd either last summer or 2011 in July or August when we had a severe correction. I bought this early and made something like 20% per week. Then markets returned strong and i held it and gave back a lot. As i recall you were bashing this board saying something like step right up and deposit your funds in my account! I sure hated you then, but learned to respect your calls...