When we hit $21 (the low) I will add more short VXX.
Never saw anything like this in my life. Absolute 100% money back guarantee. If you are wrong termporarily you always get your money back. I would not play this with options though. Too many people miss out on their options only to find they "could have should have would have" made money with the stock a few days out from their option bet.
Best bet to let the product work for you, not tell it you have a time limit!
Why at $21? Is that just because you'll be ahead on the shares you already have so it is more comfortable to add there where if you added at 25 you would have been risking more without being ahead on the trade? Just trying to understand your logic...
Yes it is safe to say that if we trend down to 21 again it will be at a higher VIX ratio which would beg for an even larger drop in VXX and to new lows I personally think. New lows bring more lows with this vehicle more than any other. Just a more comfortable position to add to my short as it grows in size.
Ok course I add in some on moments of craziness too. I added some today. Sometimes I cover a bit of my intraday bets when I get a few dollars and then "hopefully" wait for it to go higher and re-initiate the short.
Experience however tells me that that is pointless - it ALWAYS goes lower hehe. Everytime I have covered I rarely caught a bounce it just keeps going lower hehe.
Yes BBRY I am becoming quite concerned. I added 15k shares today at 12.86 and 13.18. Split. Netflix I do not care much who the heck watches a two hour movie on a phone give me a break!
I have been using statcounter to establish the page views coming from the BB10 OS. Browser use, etc. The decline has seemed to end in February, I want hopeful for an inflection point and a turn around in mobile browser use which would indicate we have some lift off to get it from the pull of gravity!
Wes--Just when I think VXX can't outdo itself, it does. I agree with you re short term options, but I have been buying in the money puts a couple months out and not had a problem. The leverage produces a nice percentage return.