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iPath S&P 500 VIX ST Futures ETN Message Board

  • con_law_misery con_law_misery Mar 18, 2013 5:01 PM Flag

    do.john I am about done for the year

    I'm up only about 3% and have completely lost my nerve. As soon as a position moves against me I panic. Should've just loaded up on NFLX last year I guess. Can't find anything to buy, stocks all seem so expensive. At the same time, will the Fed ever let this market drop?

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    • To me, it is the art of the trade. I am constantly maneuvering buying a spread here, and a spread there, giving little counter punches when the market moves against me, and patiently waiting for the market moves that bring me substantial profits. I remain down for the year, but certainly got some back today and my realized losses this year are only 2%.
      My net worth continues to rise, almost daily, so no complaints here. I am interested to see which direction the market heads thru rest of this week, hard to believe that it will head right back upward, but I can take a move in any direction at this point. Just would not want to see an out right market crash or uniterrupted bull run to Dow 20,000!

    • If you were mostly trading puts you would not be nervous. On days like this you lick your chops and buy a few more puts as they go on sale.

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