VelocityShares Daily 2x VIX ST ETN (TVIX)

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Confessional time...Been trading since '99...I've played TVIX both ways many times, profitably, but she bit me and bite me hard...I shorted TVIX hard (avg $148) & held over the past weekend. I don't have to tell anyone here what a bloodbath TVIX was Monday morning for shorters...there were a few moments Sun night / Mon morning I thought my broker might have to liquidate my account and tell me I owed HIM! I quickly made the best moves I could and and when it was over I had lost 28.7% of my entire portfolio!!! SMH and I knew better....Fortunately I got back up on that TVIX horse late yesterday afternoon and shorted, bought back this morning (7AM) and shorted later (currently still shorting) and I've got 50.5% of it back.

Don't really know the purpose of putting this out here except to get it off my chest. No matter how long you've been trading you can still lose focus. So stay thirsty my friends and maintain focus on the fundamentals. And don't chase profits, the wise, patient investor lets profits come to him.