Replies to post #21753 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[gumbie05]

I hear ya.....I've been averaging down since the $5.50s and bought more under $4.99 and couldn't help but buy some more in the $4.77s!! At this point it's pain until it's a gain!
- JMHO

[Sampleandhold]

That was dam fine play. You will make money for sure. You can sell your 4.77's today in the 4.90's maybe during aftermarket. Then tomorrow when it tests the 4.6's you will be able to get 16000 at the most awesome price. The market will crash in 2 days and you will be so golden. Just make sure you unload the first 8000 before you buy the lower ones.

If you have the roundtrips I mean or have Day Trader status. 4 round trips and you get kicked out for 3 months.
Sample :)