cdcaveman
Registered: Aug 2011
Posts: 3518 |
08-26-12 03:35 AM
Quote from kjones5159:
Then again, what's it worth if I lose 50% before I double up, nothing. Rollercoaster ride to nowhere.
One mistake I'll never make again if nothing else, that's for sure.
your feelings work against you sometimes...there is money to be made in vix derivatives .. just not outright exposing yourself to contango/super roll cost.. one thing you can do is go into the vix options and put ratio backspreads in the options and get similar long volatility exposure without the roll cost doing you in... you roll it yourself.. roll one ratio backspread from one month to the next.. do it for credits even.. the etf products were a wall st invention to attract retail money.. they make .85 percent for what probably amounts to a automated algo sell front month buy backmonth in quanities every day... these ETF's are for the people that don't wanna look a little deeper into the mechanics of futures and options trading.. and frankly if your not willing to do that.. dont' trade anything with the vix name on it..
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