Never say never, that's all I am saying. In the investment business, whatever you say never happens ALWAYS happens. And if and when it does, your strategy would potentially result in devastating losses that would not only wipe out all the gains that you've earned but also your investment capital losses, not just for your potential clients but also for your own portfolio since you yourself trade this strategy as well. That's comforting to know that at least you are not touching people's money, but just want to caution you if you do charge people money also to subscribe to your advice, you are also considered an investment advisor and could still be under SEC and other watchdog's radar and prosecution if appropriate disclaimers and other requirements is not in place and this could happen: https://www.leagle.com/decision/2006935409fsupp2d5261887 But you are not managing or controlling your risk. You are just leaving losing positions open praying that it would turn around. And not everybody can afford to lose like Warren Buffet. For Warren Buffet, he loses 50% on one investment, it's pocket change. For average investors, losing 50% is a large chunk of their savings. Good luck to you too and to all your subscribers. You and they are going to need it. 2019 is going to be a very turbulent year!
Hello JSOP, thanks again for your time. It is clear for us that you will never be our subscriber, but we are enjoying this time discussing with you. Now, you said: “But you are not managing or controlling your risk.” That is just your opinion, we do not agree. You said: “You are just leaving losing positions open praying that it would turn around.” Look at the VIX chart. It always turned around, its a fact, you can check it. You said: “And not everybody can afford to lose like Warren Buffet. For Warren Buffet, he loses 50% on one investment, it's pocket change.” Warren Buffet lost his money and the money of his clients in Berkshire Hathaway. You said: “For average investors, losing 50% is a large chunk of their savings.” Agree, but Berkshire Hathaway has a lot of average investors, and they lost 50% of their money too, and if they did not close their position (because of fear) it took 4 years to recover their “NOT CLOSED LOST”. You said: “2019 is going to be a very turbulent year!” Oh my god! We are all going to die. Looks like you are very very bearish. That is just your view. Anyway, we are all going to see it. We have the popcorn ready. Regards
Hello lindq You said: “That statement is not what you say on your website, where you indicated that you are taking a 100K position, and in your introduction you recommend a 100K account.“ Neither we indicate that we are taking a 100K position nor we recommend a 100K account on our website. Check again, please. It is out of our scope to tell our clients how much money they should manage with this strategy. You said: “a highly leveraged instrument” We do not consider the VXX a highly leveraged instrument, but it is up to our clients to decide that. Here you can see the VIX ETPs and their leverage. http://vixandmore.blogspot.com/2017/01/vix-etps-flash-some-green-in-2016.html You said: “From your website: "The performance is always based on closed entries with a $100K position without compounding and without leverage.”” That explains itself. If you have any doubts, ask again. You said: “There are so many problems with this strategy for the average retail trader, and with your conflicting statements, that I can't begin to list them. For you own benefit, I recommend again that you get good legal representation to review your materials before you continue.” Please tell us. Always happy to change something and make our Webpage better, if we think that your idea is smarter. Regards
Hello destriero Totally fair! We saw that we could advertise in this forum paying, so we did it. Thanks to people with their commentaries we are all maintaining this thread alive, this post has more than 900 views in just 4 days. For us this traffic to our website it is much more cheaper than Google Ads. We all benefit! Thanks to all and thanks to Baron. Regards
It's not a matter of whether it turns around or not, it's WHEN!!! Yes it does turn around but it could be after 10 years and after it's lost 1000% of the value. You are betting that it doesn't happen and would never happen and are willing to bet your money and make other people pay to listen to you to bet their money that the market would turn around fast. Yes it's your opinion but it's not one that results in sound and safe investment. But you are not touching people's money so that's fine. I said TURBULENT, NOT bearish!!! Please read and try to understand what people have written before responding.
OMG!!! VXX is a six-degree derivative, based on futures, highly leveraged products and it's not leveraged. LOL Oh God, you have no idea what you are trading. This is very typical of majority of those volatility traders. They think they are trading a stock just because it's trading like a stock on an exchange. LOL You and your subscribers are REALLY going to need good luck.
I think this speaks volumes about this obvious scam. VXX isn't highly leveraged? It's a portfolio of VIX futures that are re-balanced daily. More to the point your website claims to trade the CFD as well. You are aware CFDs are highly leveraged instruments? This has to be a joke. It makes complete sense why you are discounting this garbage. You had a good run on the parabolically negative slope of the VXX, and now that VXX is coming to an end and you'll have to contend with VXXB you want to make sure you get as much money as you can before your system falls apart at the seams. If anyone wants to buy this system, I also own numerous bridges you may be interested in.
Hello JSOP You said: “Yes it does turn around but it could be after 10 years” Your assumption. Again just your opinion. Maybe the VIX will never turn around, or perhaps the markets (S&P, NASDAQ, DOW, etc.) are not going to fall any more, just go up and the VIX goes to 0. You said: ”I said TURBULENT, NOT bearish!!!” Yes, you said turbulent. In our opinion, bearish. You said: “OMG!!! VXX is a six-degree derivative, based on futures, highly leveraged products and it's not leveraged. LOL Oh God, you have no idea what you are trading. This is very typical of majority of those volatility traders. They think they are trading a stock just because it's trading like a stock on an exchange. LOL” Check below the reply to gaussian in the post number 34 in this thread. There you will have your answer as well. Regards