VelocityShares Daily 2x VIX ST ETN (TVIX)

[A320CA]

Long spot on TVIX on CNBC - buyer beware. There was/is a disconnect with the whole premise of the instrument. Like I said before - 98% of individuals(including me) trading this ETN do not understand fully what is happening behind the scenes.

I highly doubt I will ever revisit TVIX or any other Derivitive ETN. Lucky I made it out in one piece. Started on 2/7 with 5K shares and sold 4K shares to cover the cost, plus a little. Lucky I got a phone call to wake me up on Wednesday in Seattle! Sold out at 12.85.

Good luck out there. Get rich quick - has lots of pitfalls - careful.