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iPath S&P 500 VIX ST Futures ETN Message Board

  • time_to_collect time_to_collect Apr 2, 2013 11:52 AM Flag

    So Wes, Your Down 45 cents on 25,000 shares....Now What?

    That would be down $11,000 and you haven't bought back into AAPL yet and BBRY is up 13 cents today, arn't you short that? Just wanted to know if you dumping your long in VXX or buying more cause it's not working as a hedge right now?

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    • Dont know where you guys come up with this stuff. February was a great percentage month for trading for me anyway. I lost of GOOG short at $802 and FB buy at $26. Took a loss on both (wish I would have held the GOOG to break even hehe).

      BBRY I sold some this morning 5000 at 15.44, I still own 115,500 because I bought 2500 back at 15.10.
      VXX I have now bought 6000 today. I hold 26,500. I am down 98 cents but have profited around 70 cents trading it, so I am pretty happy.

      I do hit tops and bottoms quite regularly but thats because I trade little portions of large positions so sooner or later I will hit a top and bottom. Today was just single orders but on days where I average my cost I can usually get with-in a few cents.

      The best advice I can give you is to trade as if you are trading 100M and adjust your account accordingly ( divide by an order of magnitude thats appropriate and enter your orders that way). Way more profitable and a great risk management tool.

      • 1 Reply to wes_w_weber
      • My point was, what's the point of telling your trades well after the fact. Anyone can say they bought 5 cents of the low when you look at an hour old chart.

        The last actual post of your trade on VXX was when you rebought 5,000 shares at 20.25 leaving you with 25,000 Long at 20.25.....and that put's you down on the trade.

        Now if you ain't going to post your trades within 5 minutes or so after making them, then don't bother cause you ani't helping anyone, just glory hounding and probably full of it.

        Today I shorted 1,000,000 shares of VXX at 20.08 and just covered it at 19.78 for gain of $300,000, now does that help anyone? But I'm the king and all you people suck as traders...HeHe! See what I mean it's all bullshlt.....

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