VIX up 5% and VXX up 2.3% today- PROOF VXX is going to fall hard
Oh boy! I am going to save someone here. If you bought it today you have lost and it was up 7-8%.
What makes you think if the VIX rises 10% you will make anything. It just DID!!
I wish I could find all you fellas and have you just do direct deposit to me. But I am thankful for those who do not read the prospectuses.
I got burned only once not reading the prospectus on FAS years ago. I vowed that to never happen again.
All time lows mean nothing. I simply means that news lows bring more lows...nothing else. You picking the bottom on VXX is like picking the bottom on FSLR or Sprint or Research in Motion.
I'm sorry I shouldn't get so involved. I do not trade to survive, I have the luxury of doing it for fun but I know for certain 90% of people here are trying to get ahead. Buying VXX is not a way to do that. I'm just trying to help.
This product will 100% cross its all time low sooner than it will go to 20!
You're just talking your book. Brought nothing to the party. Most people trading this stock understand the dynamics and for your information I made money on UVXY today, lot's in fact. I came into the day owning 600 shares, bought 400 more in premarket and blew them out at 16.94. Gave a bit back when I repurchased 500 shares at 16.13, but I will make 5-10% on them tomorrow. All leveraged short ETFs look like they are going to zero in a bull market, and to the moon in a bear.............take a deep breath, you likely know far less than most of the people of here.
You might be right about that. I know what I know and I found out that I am not as quick and precise at you to pick bottoms and tops multiple time throughout the day. I just try to deal in absolutes when I trade and this is absolutely going to 0. I do not have to pick tops or bottoms.
I did pick a top in a stock called ABIX back in 2004 though! Only once out of 100's of thousands of trades. You are undoubtedly a lot smarter than me.