VelocityShares Daily 2x VIX ST ETN (TVIX)

[Citrati]

Trading 3X etf's has little to do with reason or logic IMO. It has everything to do with reliable charts that allow for safe trades from multiple moves. If it moves opposite the plan then cutting the red immediately is vital. Protecting capital should be at the top of trading rules list. You can always identify a trader who loses too often because the statement, "it's only a small loss or I will make it back" is early in their conversation. Trading 3X etf's IMO is about compounding rather than holding.

For example holding all day one closed +.88.
Trading the first run could have returned $3.50-4.00.
Let's call the 2nd pop a wash.
The 3rd move should have netted at least $2.
Let's say they stopped there.
Total gains for the day are $5.50-6.00 vs .88 per share holding all day.

IMO if someone posting or even news can influence your trade, stop reading and just follow your chart and discipline/skill. Be a robot.

Why? Because 3X etf's are about trading volatility rather than company metrics as in a stock.

All IMO only.
Green Trades