castboy says what is blocked on Fidelity is "Only online retail orders. you can call and buy. you can sell online."*
If the broker would actually ban trading, then they should lose their license or something.*
After spending all of this time, effort, and money learning how to trade volatility, I think they have to let us get our money back. Or else the broker can reimburse our losses.*
That is to say, IF it ever goes back up again, they should cover it, and pay out the gains we could have had.*
I am with Scottrade, soon to be TDAmeritrade. At least I don't see any ads here for Fidelity.*
Like I say, I plan to put new money into the account each month, (but not every month, if I need it for something else). Then I would just buy SVXY at market price, as soon as the money becomes available.*
We know how the market came back after the 2008 crash, and we know how much SVXY and XIV went up, when they DID go up.*
There is one little detail that I forgot to mention.*
The sticky post I posted is still here on the SVXY board. I hope it stays here. Somehow my sticky post disappeared from the XIV board. We can have four of them, I believe.*
Anyhow, if you look at the RATIO, it is well beyond the one-point-zero mark in both directions.*
SVXY will have a tendency to go down, as long as the VIX-VXV and VXV-VIX ratios are BEYOND the one-point-zero mark.*
So, everyone should keep that in mind. I am not claiming to give good advice, but I'll just say that after years of experience here, I will just keep buying more SVXY each month, and wait forever until it goes back up again.*
The cheaper it is, the more shares we can buy with a given amount of cash. That certainly has to help the average.*
But don't "bet the house" on it.*
A small gain is better than a big loss.*
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