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iPath S&P 500 VIX ST Futures ETN Message Board

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  • do.john67 do.john67 May 17, 2012 9:52 PM Flag

    Shorts: be careful

    Daytrading is hard. The major market moves are typically prior to premarket, and then you get a dramatic open, slow trend in one direction, with occasional abrupt movements in opposite direction, then back to initial trend. Like riding a bull, have no idea when market will turn.
    You are bound to get out of the trends that bring you profits way too early, and stay in trends that cost you money way too long.
    You do a lot of folks a disservice by suggesting daytrading is the way to go. 90% will wind up with substantial losses.
    Keep in mind folks, lots of volatility in the market now, and if this had been 2010, VXX would be trading well north of $50/share. The contango has so whittled this etn down, that 21 is the new 50, and as the 50's was the top last year, 21 to 25 may very well be the top this year!

 
VXX
10.18-0.38(-3.60%)Jul 29 4:00 PMEDT