I finally dumped it. $18.66. All gone and good riddens. I sold a lot of tops and bought a lot of bottoms and when it was all said and done my return for over 6 months was less than half a percent. A completely fruitless exercise with over $20M traded. If that is not a good lesson, nothin is! Sayonara!
I will be waiting until appropriate to start my VXX short. Last year I started in April and pulled a huge return, this year I will be a little late. But VXX tells you when its time, you do not tell it.
Even if it doubled I have proven beyond a reasonable doubt with what I would consider to be quite abit of money that there is NEVER a reason to buy VXX. I would not call it a losing trade if done well and it can turn out to be quite profitable - at times. I would call it an embarrassing trade.