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iPath S&P 500 VIX ST Futures ETN Message Board

  • golftheband_onemanshow golftheband_onemanshow Jul 11, 2013 12:34 PM Flag

    Wes. What's your YTD return? How does it compare to being short 1/3 VXX?

    VXX is down about 46%. So if you were short 1/3 VXX, you would be up 15% which is less than the broad market has done. S&P is up about 18% including dividends.

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    • I preach to never go more than 1/3 of cash publicly. I frequently use margin to trade VXX intraday and with swings. Last year my returns were practically criminal. I won't even repeat because unless you see the trades you would not believe. You must add to your VXX, it has diminishing returns of course.

      For risk management you must be observant for that single day 20% pop which has preceeded all doublings of VXX. I doubt we will ever see one again like a unicorn with the controls in place but at 100% rise I would pare my bet back to 20% cash and start reshorting in 30 days from that moment.

      You will outperform the S&P hands down! Even in a down market you would outperform hehe.

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