VelocityShares Daily 2x VIX ST ETN (TVIX)

[Lion33]

I bought this at around $2.90 (4000 shares), thinking i can clip it but then it kept trailing downward for a couple of days and knowing that holding this for more than a day was a high, high risk and it definitely was. so I sold it at about $.20 less losing some investment but now looking at this was by far the best choice as I would of lost the majority of my money. This is not a long term hold or even a short term hold, I wouldn't touch this until the the downturn takes place,