Velocityshares Daily 2X Vix Medium Term (TVIZ)

[gldtimer]

And it all Went Poof

https://www.marketwatch.com/story/xiv-trader-ive-lost-4-million-3-years-of-work-and-other-peoples-money-2018-02-06

So how difficult is it to come back from a 95% loss, as one commentator wrote?

Answer: Damn near impossible.

Let's say you're sitting at a poker table starting the game with $100 now down to $5.

Going all in an winning you're now up to $10. But to get to $10 you had to have a 100% return on your money. So how easy is it to earn 100% on your money with interest rates at 3%...damn near impossible.

Even if you do you're only at $10 so you need to double up again for $40 and double up again to $80 and your still $20 short. What took five minutes to lose, would take 100 years to make back at 3%