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VelocityShares Daily 2x VIX Sho (TVIX) Message Board

  • connor.jin connor.jin Mar 15, 2013 4:25 PM Flag

    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!

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    • lusob09@ymail.com lusob09 Mar 15, 2013 8:02 PM Flag

      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.

      Sentiment: Strong Buy

      • 2 Replies to lusob09
      • “UVXY trades with the speed of light

        TVIX trades with the speed of sound”

        Sounds like a future X-Games event


        “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.”

        I’m a ‘wuss; I drive a Sube…

        Thanks for the heads up, Lusob. I’m closing all my TVIX and UVXY shorts and puts. Moving into something safer. No more leverage for me. Just VXX shorts for now on.

        Is that one safe at any speed???

      • I short TVIX, but do not trade it. I hold the short forever, add to the position, till R/S, and add more to it.

        If there is a market condition for me to cover my short, I don't actually cover it. I buy VXX or VIIX to cover the short position.

        If you are a top WS quant, you will understand my strategy. Otherwise, you know nothing about these funds and will keep losing money.

 
TVIX
2.91-0.03(-1.02%)2:09 PMEDT

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