People who argue against it don't really understand GBM so it's pointless. In reality, it's equivalent to "naive hedging" of an options contract, except LETFs are continuously convex.
Barclays stops doing VXX?
- Thread starter frostengine
- Start date
HA HA... SEEMs LIKE LOT are on the gravy train.. but be warned.. it can explode.. i spoke to vance harwood.-- in a black swan like crash. -it can double./ quadruple. -make margin calls.- etc. so make sure u know what u r doing with it..
its a percentage play. i have been following SPY and VXX and there is no corelation like 1% move make 3% there. its the speed and also the freaking FEAR . ha ha. which is the most difficult human emotion to gauge.- and now u have to accurately put a $ price on it??? wall street. SALUT.. u r amazing !!!
Have they come out with the 8x products yet?
A lot of people do not like to read, they just want to press a button and expect it to behave like all the other buttons they pressed in the past without reading the instructions.
I am amazed at how people just want to start trading and do not even want to spend time trying to read the basics on stuff like how margin works etc.. basic shit. In everyday life you see it, people have no interest in reading and understanding. Reading Comprehension is such a powerful tool, if you can read and understand instructions you can do anything.
