Replies to post #7221 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[77steel]

What kind of time frame do you see the vix taking off along with TVIX? All the best!

[Traderintx]

I bought TVIX in march/2014 when the Dow was slightly over 16k and VIX was at 16. VIX is at 28 now and TVIX is worth only 5.80 now. Even if we see an epic collapse in the market (which will be hard to achieve w/0% interest rates) I will make some money on it but nothing to write home about.

[deadjim]

Don't think so -- although I think it'll go higher than the guys who spew this contango stuff out on a daily basis, perhaps 4-10x its current price, its impossible for it to ever get back to where it was. I forget the ticket symbol, but there was another fund that tracked the VIX in 2007+ and the most it did was about 400%.

You will lose trying to play 10,000x on something that tracks the VIX

[acrazjo]

Can I buy and hold this ETF overnight, a week a month.? Will I be forced to cover if it drops below a certain point? I am new to this venue but the odds are high oil will go up eventually and this seems like the right area to invest going forward. Thank you, Joe

[deadjim]

this call is way off. on a well timed volatility position we're looking at 500%... not 10,000. and that's on a well timed position. good luck with that.