3 After the US Federal Reserve announcement today, I decided to eat my losses in VXX and EEV. Fortunately my junk bonds have been increasing in value more than the decreases in VXX and EEV.
Scavenger
Professional grub and insect eater attempting to adapt his innate skill set to personal investing in stocks, ETPs and bonds.
Scavenger
Previous Posts by Scavenger
3 Responses to “Sold VXX (-19%) and EEV (-6%) hedges”
dublin
wow.
far more pain tolerance than I have.
still like what you do.
and you can still be bearish (maybe)
http://tinyurl.com/9bjwqny
Scavenger
VXX is evil (EEV not so much). It is not painful when I plan to lose the money in my hedge should the market go up. I am heavily long via various corporate junk bonds and a few funds/stocks/etps. When the market went up, the gains in my bonds were greater than the loses in my hedge. I have faith in the long term for my buy-and-hold bonds (the interest payments are addictive). In the short term I get uncertain and buy a hedge sometimes to attempt to profit from a possible short term market drop.
dublin
gotcha.
faith indeed. you are the bottom-fisher-king.
I like falling wedge / rising wedge counter trend trades which is why your ideas caught my eye.
Thanks.