Blatant manipulation of this scam, reporting to SEC
I look at all other VIX futures ETNs, VXX, UVXY, VIIX, and SVXY/XIV. Those ETNs are all trading around their intristic values. But TVIX is manipulated to 14% above TVIX.iv, which is at $3.44 by the close today.
To understand this manipulation, just compared the performance of TVIX and UVXY, both 2x ETNs, in this week alone. TVIX outperformed UVXY by 5%. I believe a computer program by some evil fund has been pumping this scam. For what purpose? It must be that the manipulator is building a short position of this scam at well above the intristic value!
Did you actually do it? Past.current TVIX bagholders and shorts are interested on the results. The shorts are complaining they did not make enough money and the bag holders are complaining they didn't make any money.
UVXY trades with the speed of light
TVIX trades with the speed of sound
I compared both trades using the same time line.
You make more money day trading UVXY than TVIX. But you have to be spot on - your execution and timing has to be perfect.
You lose more with UVXY if you your wrong and have to hold it for more than a day.
Result: UVXY is the best day trading inverse etf/etn out there to short the market.
TVIX is the best and cheapest swing trading inverse etf/etn out there to short the market.
If your afraid of driving faster than 65 mph; don't own and drive a vette. If you cannot make money day trading do not trade and own leverage/inverse etf/etn.
Since your shorting TVIX can you post your trades real time? Tell us when you bought them, the quanity and price. Then gives us an update if you are making or losing money.