Replies to post #719 on VelocityShares Daily 2x VIX ST ETN (TVIX)

[T-R1]

Market charts mean nothing for TVIX or other volatility ETNs.
I base my decisions on backwardation / contango setups.

Don't fight the trend - that's my rule.

Look at it this way also... you want to ride TVIX when volatility is starting to escalate. If an event happens to spike volatility, you will have plenty of time to jump on board, just look at August.

At this point the volatility is going down day after day (prove is in contango). It will take more than few days of high volatility just to COME OUT of contango.

Edit: notice I haven't made any TVIX price predictions.