You still haven't looked up what Backwardation and Contago are, but that's not going to stop you from pumping. I'll post a simple explanation for anyone who might be following you - Lord help them.
Backwardation means traders are paying more for this months contracts than for next months. Backwardation is rare and doesn't usually last long. The last time it lasted this long was when we had an earthquake in Japan. That was a true black swan, unlike your Scottish vote, which didn't pan out for you.
Contago is the norm. It means traders are paying more for next months contracts than this months. You see it's following futures contracts. I've repeatedly told you to look up the curve chart and it would be very helpful to post that link on every pump post, so traders know what they are speculating on. The contracts constantly roll and that's why the daily chart is worthless. It resets every time the contracts roll even though it appears to be continuous.
I've seen you tell people to hold and be patient on TVIX all the way down from $7. I doubt anyone sees you as an expert, but if they do, they'll live and learn. The folks who short TVIX, UVXY etc. etc. are counting on people like you and them to keep them in the money. And they never have trouble finding you all. If you are working for them, I hope they're paying you well.
For anyone reading this - it's not a warning to stay away. It's a warning to do your homework and understand the product you are buying and selling. Holding and being patient on a VIX product is a gamble. Some will win and some will lose, and you should always know when the VIX rolls in order to determine if your gamble is a longshot or a safer bet. Any poster who is either too lazy to look that up, or too clueless to understand what it means, should definitely be ignored.
