Even if you are correct and the crash will eventually happen, the investment vehicle you have chosen to capitalize on the crash seems like a poor one. The only way you will win is if the crash happens right now... and so far you have been incorrect on your timing for quite some time. Another 6 months and you will never get your money back even if the crash happens.
So rather than fight the market or the direction of the trading vehicle, why don't you find a new broker and make 80% a year shorting this?
Right out of the prospectus "In almost any potential scenario the Closing Indicative
Value (as defined below) of your ETNs is likely to be close to zero"
You didn't read the prospectus. It says right in there, that this will forever fall toward zero. I'm sorry you lost money, but it is your own fault. The lawyers will laugh at you.
I hope so, not even I thought this aerosolized fecal matter ETN could fall as fast as it has.
It will never get to $20. Back testing has suggested it only would have gone up 1000% in the 2008-2009 crash. Haven't seen you here for a while. Where are all of your friends?
Kind of sad when we have to make up the spam on this horrible ETN's MB. Haven't been many pumpers lately, I think they are all broke and have given up... except for beachbum.
I hold a core short position of 2.5% of my portfolio. When the VIX spikes over 20 I start shorting more, with a goal of being at 10% of my portfolio when the VIX goes over 25. When the VIX settles back down to under 15, I cover enough to get back to 2.5% of my portfolio. I am currently around 2.1% because the VIX has not spiked since last time I covered. I think someone could short more, however I don't like to risk my capital that much. I would rather know that time and math are on my side.
As long as you short with a small % of your portfolio you will be ok. Even in the 2011 example, 3 months from the Peak TVIX went back to new all time lows. Some articles on Backtesting to the 2008 crash, theorized TVIX would have gone around 1,000% during the crisis, and then back to new all time lows within a year.
Those shorts are so dumb. Long is where all of the smart money is in TVIX. It has worked for them for years now.
With a 10% correction, I agree think it would break $3. However I think what every good trader needs to consider is how much could you lose every month if the market stays where it is or goes higher. You are talking at least 10% per month, perhaps even as high as 20%. How many months until the crash. If the answer is more than 3, or the answer is "I don't know", you will do nothing but lose money holding this. GLTA
Very weak message board. I don't hear any "Mark this Post" or "I'm all in" or "TVIX will be over $10 by end of week, $100 in a month". It looks like they are going to get a second up day in a row, enjoy it... it doesn't happen every month.