Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
It hasn't even moved. Say that when it's at 2660 or something.....weird.
I deleted the VIX from my platform. Worthless piece of garbage.
Now it's at 2642. Will you add more?
hi, Yes.
If it gets to say, 2636 i'll add another unit
It is...I made one trader on it around 46 and sold at 50...then it collapsed to $30
It's a very worthless product however if the market saw any kind of heavy volatility this would surge easily 50% +
Back in the day I used to trade XIV in 100-300 lots, when it was in the 30's now it's at $115+ ....if I had only kept those shares ....now if that collapses back down to $50 or less I would be all over that since we know volatility in this market is non existent these days....
I wish they could make an investment product that trades exactly on par with the VIX.....so if vix is at 8.92 the etf is at 8.92....they haven't put a volatility etf on the market that DOESN'T erode ....you can make tons of money just shorting the volatility ETFs!!!!
The trend is up, so your trading in the right direction. But like you said you should have waited for a dip. Don't EVER add to a losing position. That's a very very bad habit and will wipe you out.
It may work a time or two, but that just reinforces a really bad habit. Do as you please though it's your life.