VelocityShares Daily Inverse VIX Short Term ETN (XIV)

[eric4x]

My luck is slightly better this year.*

So far, anyhow.*

The only reason I sold at that price, ($30.74 on March 26), was that it looked like it was reaching a top, and starting to move down. But then I didn't buy the dip, and now it is much higher than where I sold it.*

I would hope that the two years I have already been trading has given me some sense of what I should do. But about all I can hope is to be lucky a little more often, and unlucky a little less often.*

My new buy limit is $29.30, (up from $28.60). I might pay more than that, if I'm watching and it looks like the thing to do. But there is certainly a lot of room for the price to drop in the next two months, if the VIX to VXV ratio shoots up.*

Actually, today's ratio just dipped slightly, from 0.93 to 0.92; I would have thought that such a large price jump in XIV would mean a larger drop in the VIX ratio. But sometimes these things are delayed by one day, before rebalancing.*

(I read somewhere that some analysts reverse the ratio, so it rises and falls with the INVERSE. It might be easier to follow, when up and down are not reversed, as they are with this chart. But this is the way I learned about it, for trading UVXY).*

In any case, I am still just trading here with a small "beginner" account. Your trading should be much more active than mine, and you can trade for smaller gaps.*

http://stockcharts.com/c-sc/sc?s=$VIX:$VXV&p=D&b=5&g=0&i=p09762636724&a=294107511&r=1361836435570