^VIX at a 52 week lowwww!!!!!!
- Thread starter S2007S
- Start date
i love when i read people who always talk about "they" and how everything is "manipulated" and how it's a grand scheme, and you can't beat the evil black boxes blah blah blah
most of the time, i suspect people with this attitude are losing traders who don't want to take responsibility for their own losses/losing trades, so look elsewhere. see: external locus of control.
one of the most important parts of becoming a successful trader is to FIRST seek answers within yourself. nothing will let you see your shortcomings, biases, false assumptions, etc. faster than the market. in almost every other aspect of life, you can live with that comforting cloud of convictions (thanks bertrand) that swarms all about you, and blissfully engage the cognitive dissonance engine, when something disagrees with how you see the world.
you can't do that with the market. if you go long, and the market dumps... you were wrong and you need to take your stop where you set it.
stop blaming algos, black boxes, cheneyhalliburtonmcchimpydieboldilluminati etc.
if you are unable to compete with these alleged infernal boxes, then take a lynchian approach and buy good companies when they are still fledgling. see: CROX for example. for pete's sake, long before the stock caught the eyes of the latecomer daytrading hordes, every nurse around was wearing them. do the math.
the vix is simply the measure of implied volatility in S&P 100 options. it is purely a function of the FREE MARKET, what people are willing to pay for options- when VIX is low, it means complacency and premiums are cheap. when VIX is high, it means the opposite.
yes, there is a correlation in that vix extremes TEND to coincide to some extent with market turns. but it is not an exact science, it's merely a CORRELATION.
everybody and their mother KNOWS VIX is at a multiyear low, and enuf people are trying to jump on the short train, that when the market does show buying pressure, their stops being hit (not to mention margin calls) merely fuels further upside.
there is no master hand controlling the market. all the nimrods who claimed that oil would ramp right after the election (hey, im long oil myself - but not for that reason, and took some hit in my B&H account today. otoh, QM was a frigging trading frenzy today, and i made some $$$ shorting, so it's all good man) due to "bushco manipulation" must be surprised huh?
take advantage of the low vix if u want by proper options strategies that capitalize on the low premiums - or don't. but don't believe for a second that a multiyear low HAS to mean an immediate turnaround and pullback. it is not a CAUSAL relationship.
will the market pullback? of course. will it crash? it can always crash. nobody knows if and when. welcome to trading.
if you REALLY want to see a guy who has completely lost it based on playing his opinion (it's a fake rally) that he was pimping for months, head on over to "roberto's nasdaq trader" website (do a google search).
conspiracy theories, and blaming everything on algos and black boxes is just an excuse for not taking responsibility for one's own trades.
end rant...
most of the time, i suspect people with this attitude are losing traders who don't want to take responsibility for their own losses/losing trades, so look elsewhere. see: external locus of control.
one of the most important parts of becoming a successful trader is to FIRST seek answers within yourself. nothing will let you see your shortcomings, biases, false assumptions, etc. faster than the market. in almost every other aspect of life, you can live with that comforting cloud of convictions (thanks bertrand) that swarms all about you, and blissfully engage the cognitive dissonance engine, when something disagrees with how you see the world.
you can't do that with the market. if you go long, and the market dumps... you were wrong and you need to take your stop where you set it.
stop blaming algos, black boxes, cheneyhalliburtonmcchimpydieboldilluminati etc.
if you are unable to compete with these alleged infernal boxes, then take a lynchian approach and buy good companies when they are still fledgling. see: CROX for example. for pete's sake, long before the stock caught the eyes of the latecomer daytrading hordes, every nurse around was wearing them. do the math.
the vix is simply the measure of implied volatility in S&P 100 options. it is purely a function of the FREE MARKET, what people are willing to pay for options- when VIX is low, it means complacency and premiums are cheap. when VIX is high, it means the opposite.
yes, there is a correlation in that vix extremes TEND to coincide to some extent with market turns. but it is not an exact science, it's merely a CORRELATION.
everybody and their mother KNOWS VIX is at a multiyear low, and enuf people are trying to jump on the short train, that when the market does show buying pressure, their stops being hit (not to mention margin calls) merely fuels further upside.
there is no master hand controlling the market. all the nimrods who claimed that oil would ramp right after the election (hey, im long oil myself - but not for that reason, and took some hit in my B&H account today. otoh, QM was a frigging trading frenzy today, and i made some $$$ shorting, so it's all good man) due to "bushco manipulation" must be surprised huh?
take advantage of the low vix if u want by proper options strategies that capitalize on the low premiums - or don't. but don't believe for a second that a multiyear low HAS to mean an immediate turnaround and pullback. it is not a CAUSAL relationship.
will the market pullback? of course. will it crash? it can always crash. nobody knows if and when. welcome to trading.
if you REALLY want to see a guy who has completely lost it based on playing his opinion (it's a fake rally) that he was pimping for months, head on over to "roberto's nasdaq trader" website (do a google search).
conspiracy theories, and blaming everything on algos and black boxes is just an excuse for not taking responsibility for one's own trades.
end rant...
i just read every post on this thread and not one person is blaming the vix for anything or whining or claiming manipulation or black boxes are destroying them. so what are you talking about?? i don't disagree with some of what you wrote - but it just strikes me as odd you are upset with this thread.. i thought it was a good one myself...
have a good weekend
I think 'Whitster's Rant' is one of the best posts I have ever seen on this BB!
i made 30k this week and ill tell you this market sucks balls.........nyse is the worst of the amex and the nasdaq......all trading is done by 10 00 unless scaling into multi day long......nyse cunts have no liquidity and no real trend....."they"ve created the worst market on earth intentionally so that "they" can determine the price of everything on earth dependent on "their" inventory of course, without competition or human oversight.......goldman sachs should become a major target in coming years.
VIX traded in 19's during the peak of the 90's bull market, while stocks like amzn was rising 40 points in a day.
6/30/1998 19.76 20.36 19.24 19.86
7/1/1998 19.55 20.07 18.05 18.05
7/2/1998 18.27 18.43 17.56 18.08
7/6/1998 18.92 19.09 18.13 18.3
7/7/1998 18.67 18.84 18.17 18.57
7/8/1998 18.6 18.97 17.43 17.88
7/9/1998 18.42 18.89 17.68 18.57
7/10/1998 18.49 19.68 17.59 17.79
7/13/1998 18.83 19.97 18.73 18.99
7/14/1998 19.01 19.12 18.05 18.25
7/15/1998 18.48 19.06 18.09 18.69
7/16/1998 18.75 18.95 16.86 17.21
7/17/1998 17.23 17.86 16.78 16.88
7/20/1998 17 17.94 16.73 17.62
7/21/1998 17.73 20.39 17.73 20.22
6/30/1998 19.76 20.36 19.24 19.86
7/1/1998 19.55 20.07 18.05 18.05
7/2/1998 18.27 18.43 17.56 18.08
7/6/1998 18.92 19.09 18.13 18.3
7/7/1998 18.67 18.84 18.17 18.57
7/8/1998 18.6 18.97 17.43 17.88
7/9/1998 18.42 18.89 17.68 18.57
7/10/1998 18.49 19.68 17.59 17.79
7/13/1998 18.83 19.97 18.73 18.99
7/14/1998 19.01 19.12 18.05 18.25
7/15/1998 18.48 19.06 18.09 18.69
7/16/1998 18.75 18.95 16.86 17.21
7/17/1998 17.23 17.86 16.78 16.88
7/20/1998 17 17.94 16.73 17.62
7/21/1998 17.73 20.39 17.73 20.22