The VXX is dropping, despite grandiose calls of apocalypse.
The Italians are throwing meatballs at one another and the Spaniards are shoveling large quantities of paella down their skinny necks. Yet, here we are rallying hard off the lows.
The bearshitters have attempted to derail this market for many years, only to fail and drop into tar pits lit aflame.
I am not buying here, but I am not fucking around either. I am long VXX puts, DECK calls, WNR calls in my personal and long a variety of “well to do” companies for managed.
In short, I fucking fade you and your edgeless position. The rubberband is pulled back to the extreme. If you dare stand in front of it for too long, you will be smashed to pieces by large boulders and cinder-blocks of cement.
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i sold some index puts to collect some vol.
Now if only TVIX traded options…then we’d really have a party.
Nice to have such esteemed company in my favorite trade. Shorting broken volatility products!
Love it how the pro-bears (Slope of Hope) and anti-everything (Zero Hedge) folks are getting their chops hammered! FIG
My account swung 5% in value from high (this morning) to low (this afternoon). After all that, I am exactly flat at the moment. Lots of action to end up where I started….
I think I am about to retire from the stock market….for now. I am tired of the bs of markets moving parabolic in 5 days, coming back from the brink of collapse, and then collapsing the next 2 weeks.
I am now convinced the stock market is now a form of legalized gambling and its all about luck and timing.
Fuck you to all those that say take your little 5 figure account and put it into savings or any other snarky remarks I have not thought of yet. I know I will be getting those comments. In any case. Fuck off.
I will make my money the honest way, by working. I will never get “rich as fuck” not being in the market, but at the same time I wont be poor as fuck trying to game this beast. I guess I am throwing in the towel after 8 years.
Im sure I will be back in the future, but investing in the markets will not be a big % of my portfolio. Also I probably represent the newby quitting the markets, so with my luck, the stock market will rocket higher without me.
Oh look at that. Its rocketing higher.
Did you just call the bottom?
wow sorry u feel that way. taking a break sometimes helps, maybe if u defined your risk a little better, either way good luck
You could always become an investor vs a trader. Value plays over the long term. Trading this is v. messy indeed.
Investing in this market is no longer an option, unless you want to buy precious metals. Everything else is going down imo.
The Fed will take action soon, but I don’t see it helping much. We trade sideways for a little while now, then when we drop below the 200DMA, look out!
This is such loser talk it’s mind boggling.
If you don’t mind, I’ll just sit on my WNR.
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sure just kick the wnr down the road.
Lorena?
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Hi Fly,
What is your take on Gold/Silver on an debt agreement?
Thanks,
what do forest preserve’s taste like?
Sorta like cilantro.
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VXX dropping? Not just yet. It rockets higher tomorrow.
they 66% of what they wanted, what happened to 3/4 trillion?
Staying with my long xiv and tza combo, this stock market game is easy!
http://www.youtube.com/watch?v=GGXzlRoNtHU
are they supposed to be opposite? why xiv and tza?
I got pretty bearish after that Q1 GDP revision but notice how they’re both up today…
You can read more about XIV here:
http://etfdb.com/2011/inverse-vix-etns-reviewing-all-the-options/
I’m net long as my XIV is larger than my TZA. The TZA trade will end but I’m basically buy and hold on XIV.
Thanks. Is there any material talking about how to calculate how much hedge I need to buy to hedge long position? How do you determine how much TZA to buy?
Unfortunately I just kind of shoot from the hip on this, would be cool to quantify if possible.
Nice — I do something similar, being short VXX and short SPY as a hedge. This is the only trade I make these days (after volatility spikes).
Dream is Collapsing:
http://www.youtube.com/watch?v=imamcajBEJs
George Carlin on the American Dream– 2005 but eerily sounds like it was done this weekend.
http://www.youtube.com/watch?v=acLW1vFO-2Q&feature=player_embedded
http://t.co/kUTBcxZ
Ratio imbalance of allocation between SDY dividend stock sector and IEF 10 year bond predicting an 8% move up in the SPY , which ties into my analysis of a 8% run up in XLF here
Think of all the fund managers that are under performing since february, in all this whipsaw. Why wouldn’t they buy SOME dividend paying stocks here? They can’t just sit in bonds until january. Zero yield performance will get them fired.
http://www.youtube.com/watch?v=QMFwFgG9NE8&feature=related
AEM looking for a nice oversold bounce.