VXX a good buy at current levels?

Quote from cdcaveman:

so let me ask you this..
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Here's the best advice I can give you.

Go and make 1,000 Vol trades...
Nothing concentrates the mind like meaningful money on the line...
Especially, very especially, your losing positions.
 
Quote from pistolpt:

Does anyone else feel vindicated?
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Since I am in the minority who actually read the prospectus, I don't feel vindicated, I feel.....educated. YEAAAAAAAAAAH!! (CSI MIAMI theme music insert; puts on sunglasses)

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Quote from DeeDeeTwo:

Here's the best advice I can give you.

Go and make 1,000 Vol trades...
Nothing concentrates the mind like meaningful money on the line...
Especially, very especially, your losing positions.
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you got that right buddy! you'lll let yourself know when you have to much money in one trade and things aren't going right.. kinda like i'm doing right! haha
 
VIX-VXX-VIXY using a % price change comparison

VIXY [ETF] is designed to correlate to the VXX [ETN]
"which it appears to do "by the chart"

Doesn't mean either are well correlated to the VIX volatility index

Starting point on comparison chart was taken from 1st date data was available on the VIXY [TS]
 

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Quote from NoBias:

VIX-VXX-VIXY using a % price change comparison

VIXY [ETF] is designed to correlate to the VXX [ETN]
"which it appears to do "by the chart"

Doesn't mean either are well correlated to the VIX volatility index

Starting point on comparison chart was taken from 1st date data was available on the VIXY [TS]
More...

The vixy is designed to follow the vix based upon trading in the vix futures.. constantly rolling the shorter term contract out to the longer term contract to give constant exposure at the loss of the preimum between the short term and the long term futures contract (contango) vxx and vixy are basically the same product from two different companies.. .89 expense ratio on the vxx and .85 on the vixy..
 
maybe i am a bit naif but.... we are talking about automatic indexes so.. can someone post the algorithms? does anyone know where we can find them? This information will probably clarify any discussion!

Obviously, it will clarify this discussion but not predict the market :)
 
Quote from sellindexvol66:

since most of you guys are traders..why not trade your own vol bias's using the actual futures instead of paying expenses of a fund?
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i'm gonna actually start working on that!
 
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