Anything on VIX? Spill it Right Here Baby.

Discussion in 'ETFs' started by easymon1, Feb 25, 2021.

  1. easymon1

    easymon1

  2. KCalhoun

    KCalhoun Sponsor

    VIX > 26 was the trigger I was waiting for to scale into inverses, if UVXY SQQQ etc gap up I'll scale in if they run up again tomorrow
     
  3. easymon1

    easymon1

    KCalhoun likes this.
  4. Looking at UVXY for an entry point tomorrow...hoping for sub $10 entry... should be interesting with nonfarm and unemployment numbers coming out, last weeks uptick in yields is indicative of a shift in thought from institutions, Bitcoin, well looks like Saylor is propping it up instead of letting a healthy natural market correction take place...
     
    KCalhoun likes this.
  5. easymon1

    easymon1

    https://www.elitetrader.com/et/threads/vix-volatility-adventures-uvxy-revisited.357641/#post-5363097

    KC's - "Lessons learned trading UVXY:

    • Best for daytrading during selloff days, not good for swings longer than 3 days
    • Don't buy premkt gaps up, don't sell premkt gaps down
    • Buy the dip, sell the rip. Always scale in, and use trailing stops
    • Like VXX TVIX it is often a sleeper, grinding slowly down, then bam a big spike up.... I set buy-stop orders to automate entries
    • Often has a run eod 3:30-4
    • When it runs up early by 11, tighten trailing stops, bc it usually drops later"
     
    KCalhoun likes this.
  6. easymon1

    easymon1

    Assuming a UVXY 5% drop as happened during the day on April 23,
    what would be a good way to take a position to (Try To, lol) benefit from such a move?
    Has anyone used or looked into a Simple Options play to work a move like this for a simple day-trade?
    Accounting for friction, slippage, etc, what would a 5% down move in UVXY net out to if a trader had bought a put that day?
     
  7. Nine_Ender

    Nine_Ender

    This is an example of how not letting go of a negative bias concerning markets can hurt you. You have literally been looking for a reason to short markets with leverage throughout 2021. Ken, it's a bull market in a huge economic recovery. There isn't going to be a massive correction; I hinted at this late last year.

    VIX is now 17; UVXY has gone from 9.54 to 4.45 since your post and SQQQ 14.48 to 10.69. I've noted you've said SQQQ is "breaking out" several times since. I know you are day trading some of them but why day trade the short side the long side was way easier. If news/trend changes it will require something major at this point. I'm not seeing it. Massive earnings for some firms, most commodities are up, GDP growth and strong retail sales, vaccines are working out so far.
     
    Last edited: Apr 28, 2021
  8. KCalhoun

    KCalhoun Sponsor

    good points; i trade in & out constantly:

    fdlyuvxy28aprc.jpg fdlyuvxy28apra.jpg fdlyuvxy28aprb.jpg


    re sqqq im trailing stops at 10.7/.6
    sqqq28aprb.jpg sqqq28apr.jpg