I didn't try shorting that however I knew VXX was free money.....instead I went long SPXL and UDOW....sold SPXL after it rallied from it's low and still holding UDOW which I will let go at $100+ as early as tomorrow. I will get back into VXX on the long side but well after the vix plummets back to 10-12 range until then I wouldn't touch it even though it could still surge higher.
I lost too. Was something like +8, -6, -6, -6, +8, -8 I bet fortunes were made and lost today! mad markets
No worries. Remember when the other day you said you lost 10K? I did that in today's trading session, twice. Long story, will explain it in my journal, eventually.
Here we are literally 3 days into massive correction and guess what???? Another article stating the worst is over!!! There have been literally dozens of articles talking about how the worse is over, to buy the markets now and watch them resume higher to new highs......if you are telling me this correction lasted a total time it takes someone to sit through a season of binge watching stranger things I have to say you my friend are an a$$HOLE!!!! This guy says it was a "technical gliche" haaaaaaaaaa....wow they will literally throw any excuse out there to make you believe this rally is still intact and ready to rally full steam ahead.... JP Morgan analyst Kolanovic: ‘The worst is over' The two-day market sell-offs were likely a technical glitch, says J.P. Morgan analyst Marko Kolanovic. This is probably a good time to buy, Kolanovic says. Volatility may continue for about a week, but the worst is over, he says. Kellie Ell | @KellieAutumnEll Published 3 Hours AgoUpdated 2 Hours Ago