My brief encounter with VIX related products has ended, once again in a loss. I sold TVIX for a 5.5% loss. I was having bouts of PTSD watching it, as it behaved terribly as all VIX products do. For the love of Christ, can Mueller investigate Direxion and lock them up once and for all?
I bought SOXL, RP, and SPLK — but still hold 80% cash. No sense diving back in now, headlong, ahead of what could equate to a declaration of war on China.
Let’s see how it plays out. If we gap up hugely on Monday, I’ll be happy. If we collapse, I’ll still be happy.
Price action is bullish and so am I. For now.If you enjoy the content at iBankCoin, please follow us on Twitter