VelocityShares Daily 2x VIX ST ETN (TVIX)

[pnew122]

Pretty much.

I've been watching some thinkorswim videos for the last week or so. And some people have very good points. The money it takes to make a profit on the high $ trades really isn't worth it, compared to cheaper stocks.

So for this week I tried making 5K $ trades only, and used a stop loss of 2% which I setup to use on every trade in thinkorswim. For the week I made 10 trades. Got knocked out on 5 trades of which 1 was TVIX for a total of 424 bucks. However 5 trades were good for 2500.

So for the week I netted 2K. I must say this has relieved a LOT of watching & wondering what to do. Once the trade is made & triggers are set I can walk away w/out a worry. But still working on my exit %. My default is 30% but some of these can easily go up 100%. I'm also starting to use AH trades combined with news to find next day trades. All in all, I look forward to change my old trading strategy to this new one, and anxious to see if I get consistent results.

2K a week is 100K a year.

And one more point. It seems like unless you are willing to hold these ETF's over night, you can't make that much unless you invest a ton of cash during the day. I've played this, TQQQ, UGAZ and it's all the same. You can get burnt in the middle of the night.