VelocityShares Daily 2x VIX ST ETN (TVIX)

[Sampleandhold]

Lesson learned is that TVIX has no bottom, it really can go to 1.00 on a serious S&P spike. Since TVIX isn't really a tangible product or company, it's actually quite valueless except for its inverse dynamic with S&P. Even Dow and other indexes don't matter. It's just an inverse S&P so all we really need to do is speculate where the S&P will be and trade accordingly. I was looking at TVIX's highs and lows etc but should be staring at SPY and SPX instead. If we really believe SPX will hit over 2100 then it made no sense for me to buy any TVIX till it hits the 3's. I have been looking at TVIX wrong. Gotta watch the opposite from now on. I am down about 1200-1500 until TVIX gets back near 5.00.

Sampleandhold :)