ES Journal - 2013

Quote from pinkman:

It's just a fun/experiment trade.
Was up $100 a little before the close on my 200 shares :)

I'm showing my ignorance here, but how can you say you have no clue on vxx? Doesn't it move more or less 'tick for tick' with the VIX futures? (similar to DIA vs YM or SPY vs sp500 etc). Identical charts
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quite honestly, i have never ever looked or studied any of those so i cannot comment.
its all about being correct on direction..
 
Quote from pinkman:

? Doesn't it move more or less 'tick for tick' with the VIX futures? (similar to DIA vs YM or SPY vs sp500 etc). Identical charts
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no it does not..a bit of a different animal. vxx/VX is not the same as spx/ES...a number of different moving parts. I know I don't understand it thus don't trade it.
 
Quote from sellindexvol66:

good luck pink, but i have no clue on vxx. i do expect vol to keep rising until boner and the pres settle up. today was not a winning day if that helps with my ultimate bias, lol
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Mkt will give u an out, it almost always does on the long side. China still needs to trade out of the garbage they are holding and the US won't make enemies of their largest holder.
 
covered my last 5 contracts at 1663.25. As promised i chronicled this trade from the beginning to the end over the last 3 weeks. It started as a tough trade as i came really close to covering it but i refused to, It turned out to be a very profitable trade as i was very patient covering it slowly. My straregy going forward is to short a big pop if we get an agreement. If we collpase from here i'll simply scalp long.
 
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