Yeah vix etns are a genuine bitch to trade, but selling the spikes can be lucrative, like when I sold TVIX 940 from 56. It's like a nightclub hottie..
Just buy anywhere, ATH, it doesn't matter, because the FOMC will make you whole. Rickshaw has given us all his personal guarantee on this. There is zero risk in this market. Just get an equity loan on your house, borrow from the mob, and go max leverage, it doesn't matter. You will instantly be a millionaire. Rickshaw has seen this over and over and over again, and he likes to remind us of this fact over and over and over again. (Oh, never mind his little diatribe the other day about how the market is too risky and he is staying out now.)
Easy there Rick, the downside is not done yet. The Dow low is next week on Tue/Wed, followed by a bounce back to pull the suckers on board.
So why don't you buy RIGHT NOW? BUY ANYWHERE! Oh, because you don't want to damage your sim-account stats.
This is insane, every week they keep flooding the markets with cheap money.....WHY ? Someone needs to stop this, it's going to create more and more inflation. Why are they doing this, this is going to crush poor folks. The question is when will they say enough. Sure they get 25% more in food stamps, I mean really. an extra $10.00 a week. Yep, that ought to keep them happy...Pffttt.
Why do you care? You've been doing this over and over and over again, since 2005. What's the matter? Do you fear an 80% crash is coming, ala 1929? Moron?