Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
My stop loss hasn’t been triggered yet but the markets are being propped up as if they’re scared of a simple pullback before Christmas! Let’s see what happens.
- IMHO
Thanks, just picked up a bit more at $7.06! The NASDAQ won’t give up trying to go higher but the S&P and DOW are looking very tired up here!
- IMHO
Same here...added more at $7.03 and $7.07! Still holding from my premarket purchases. Let’s see if she can actually bounce from here this time.
- IMHO
I’m keeping another tight stop ($6.75) on this in the event it completely deteriorates and drops lower. I agree that once this is in the $5s that they’ll reverse split it again and it’ll be wash rinse and repeat all over again!
- IMHO
Going back to dry well and picked up some pre-opening at $6.96. Let’s see if it’ll hold this time....
- IMHO
Got Stop Out yesterday at the close. Can’t fight the FED.......!
Have a great weekend everyone!
- IMHO
Been holding my nose with this crap and buying slowly in the $7.90s. Betting on a pullback soon in the markets.
- IMHO
Looking to add some more in the $7.90s and $7.80s. Looking for a short term position to see if the markets run into trouble trying to breakout higher. Could be interesting. No matter what though- will keep a tight stop out around $7.75.
- IMHO
Went back to the well and picked some up at $7.93, and $7.97! Will try to keep a dollar cost average under $8. Not expecting much though...maybe a quick little pop!
- IMHO
Tapped out at $8.25! Enjoy the weekend everyone.
- JMHO
I know. It took a while and some losses (from the long side), but ultimately I realized that it’s easier wait for extremes. My best trade was back in late January when I shorted this around $54 and didn’t cover it until third week in February at $30! Once this has big spikes it’s been so much more profitable shorting it but here I might see some opportunities for a decent bounce from the long side. But you can’t hold this if it deteriorates on you immediately. This could easily drop to $5 before another reverse! Good luck
- IMHO
Still have a long position from Wednesday with a dollar cost average in the mid $8.40s but with a tight stop. If this disintegrates below $8.25 then I’ll throw in the towel with a slight loss but at least I’ll be going flat over the weekend. If this can’t get over $9 today then it’s not worth holding past today.
I might simply scalp out of it -
if only so that I won’t have to keep watching the markets make new highs.
- IMHO
Still in and bought more this morning. Brought my average down to $8.46 now. Looking for a reversal soon but keeping a tight stop below $8.25 if it doesn’t. These are the hardest moments when to short the (S&P, etc) markets- even if for the short term.
- IMHO
Just added some more (long) Premarket. I think that the good China news coming out after a relentless rally in the markets could indicate a short term top. Looking for a reversal but we’ll see....
- IMHO
I got a bit more than that ($8.56 avg carrying from yesterday) but I’m still not convinced this market is done rallying towards the upside. Let’s see what happens tomorrow. Good luck!
- IMHO
I’m still sitting with a little profit on half of my position I didn’t sell everything yet. No rush for now. Markets are looking a little tired up here and it’s best to let them exhaust themselves at their own pace. I’m willing to risk a little here if we have a gap opening tomorrow or if there’s a sudden late day rally to the upside I’ll dump it at even or a slight loss.
- IMHO
Still holding on to half my position from yesterday! Moving my stops up....trying to capture the most I can in a while off this thing!
- IMHO
Sold half my position at the opening at $8.90! Not taking any chances.
- IMHO
Yes, kept it overnight. Willing to risk $0.50 to see if this thing can get back over $12. Any 3% or 5% correction or pullback in the markets should get it there! Wishful thinking, maybe but maybe it’s worth a shot!
- IMHO
Thanks! Thinking of holding it overnight. Looks pretty good into the close!
- IMHO
Still long from my morning trade. It’s actually holding up pretty decent despite no major pull back in the markets. Let’s see what the last hour of trading brings....
- IMHO
Picked some up at $8.58 and $8.56. Tried buying premarket but didn’t get a chance to do so. Markets might be overextended to the upside so it might be worth a shot but I’m still keeping tight stops!
- IMHO
Sold at $8.52...little scalping doesn’t hurt.
- IMHO
Picked up some (Long) this morning at $8.28 but I’m only in for a quick trade. I know the markets seem to be overextended in the short term but it doesn’t mean they cannot go any higher!
- IMHO
Agreed! If the markets keep breaking new highs I can see the TVIX down around $5 by the end of the month when they announce another REVERSE STOCK SPLIT! Never hold on to these with a loss!
- IMHO
Got stopped out at $8.50 for a slight loss! Can go into the weekend with piece of mind knowing that I’m flat!
Good luck to all!
- IMHO
LOL! That must have been me that you sold to! Picked some more up at $8.56! Average so far is $8.65. Putting a stop at $8.25 but not sure if I’ll hold it if it deteriorates that badly. The markets are too strong and breaking out to the upside and its highly unlikely that they’ll reverse downwards but it’s worth a shot for the day. Let’s see....
- JMHO
You might be right! I played the long side yesterday and scraped out a couple of cents worth of gains before going flat (thank God!). I’m picking some up again this morning seeing if there’s a reversal coming in the markets “after” they (S&P and NASDAQ) hit new highs! Will set up nicely for a bounce in this dog! But not looking like it so far! Good luck
- JMHO
Picked up some at $8.70! Looking to add more but am being very careful.
- IMHO
Got stopped out of the rest of my position at $9.38. Not exactly what I was looking for but I didn’t lose anything and yet still managed to scrape some small gains! Enough to cover commissions and still enjoy a high end dinner...LOL! Will look at it again tomorrow.
- IMHO
Sold a little more at $9.50....got to resort to scalping a bit in order to protect myself from any late day rallies in the markets!
- IMHO
I’ve still got a sizable lot since I only sold very little at $9.52 but if this can hit a new intraday high, I’ll move up my stop to a higher price to lock in a profit!
- IMHO
Sold a little at $9.52 and got back my losses, and then some, from yesterday. I don’t trust this thing one bit from the “long” side. Need to be nimble and quick and keep your losses tight with this crap!
- IMHO
Call me dumb but had to jump back in after being stopped out yesterday. Average cost now is $9.28! Bought back my whole position from yesterday but now my stop is at my cost average. Not taking any unnecessary chances or undue risks! Good luck to all here.
- IMHO
I got stopped out at $9.40 with a slight loss ($0.04 loss)! I originally had it all the way down at $8.95 but with the initial run up in it this morning I moved it up. As the old adage says...”Don’t fight the Fed”
- IMHO
Sitting with my position with a $9.44 dollar cost average with a Stop Loss down at $8.95. Willing to lose $0.50 (risk) for a short term swing to the $13-$15 ($4 reward). Never easy betting against the markets when they’re being propped up by Fed easing but just looking for a pull back so that these TVIXs pop a bit.
- IMHO
Made last and largest purchase at the opening. Net dollar cost average is now $9.44. Have a Stop loss at $8.95. Looking for a bounce to $13- $15 range.
- IMHO
Picked up another lot at $9.55....accumulating in the mid $9s but will definitely put a tight Stop at $8.95 or so just in case of a major breakout higher for the markets.
- IMHO
Agreed. That’s why I’ve scaling very little at a time. It’s always very tough when the markets are being propped up by the central banks!
- IMHO
Bought a little more at $9.77....average costs is now $9.889. Let’s see what happens.
- IMHO