How is Long VXX not Free Money?

Tell us honestly how many times you did that. 52 to 940. That's a once in a life chance. Probability of getting struck by lightning is perhaps better than winning like that

 

And the profit is only 4900?. When stock moved from 52 to 940?.

 

How is this relevant to anything / what is the point that you're trying to make ?

 

Wow you must love being a masochist. The easier way is long SVXY or something equivalent.

 

Disclaimer,

You may well be right. I won't be trading it regardless. One trader I know occasionally trades is; he says VXX is best on short timeframes if you can anticipate the spikes and other related volatility pricing aspects. Backwardation would help but the problem is that it hardly ever is, so.

 

Anything's possible every 15 years, but in the meantime you could be busy trading and making more money that you can't lose as easily

 

Read and reread. You will get the relevance.
To profit 4900 there are other ways that may be safe. When a total noob reads these, he may inadvertently assume it is really free money.

 

this looks a bit overdone, i'm buying any 2d high

 

OK so I don't offend anyone including Ken, his initial bet was so small perhaps cuz he knew the risks. Got it? I didn't mean to offend and if that's what got conveyed my sincere apologies.

 

That also has drawdown risks. When vix futures enter backwardation svxy is a route to money assuming it won't drawdown further. Since the removal of leverage svxy is nolonger attractive. Going directly for futures may be better.