• Oh Dear
    A long vol ride to VIX, 1830 won't surprise. Staying long $UVXY.
    1/24/13
    Reply (21)
    • Perkins Cove: Oh Dear...please do not let your $UVXY position go underwater. Promise me you won't do that. $UVXY will go to $5, and reverse split. I Swear
      1/24/13
    • jcllier3: PC..... I was up on my $UVXY today, then realized I couldn't sell it because I'm out of day trades :( Thinking about selling my $SNE and
      1/24/13
    • jcllier3: buying 2x $XIV to offset tonight's $UVXY losses.
      1/24/13
    • Perkins Cove: I totally understand your limited daytrade situation. You must understand that the deck is stacked against you in that situation.
      1/24/13
    • Perkins Cove: The very worst sector you can trade in is VIX derivatives when you are limited in trading. You will be tempted to hold overnight...(cont)
      1/24/13
    • jcllier3: Indeed, learning lessons every day. I've been lucky so far, getting in to $BBRY around $11, which has offset my learning curve mistakes.
      1/24/13
    • Perkins Cove: (cont) and you will usually lose. Big. Ask me how I know this. My advice, for what it's worth, is to look for other "CAT" trades.
      1/24/13
    • jcllier3: I appreciate the advice, I'll take all I can get. I'm laying off VIX derivatives until I'm more experienced and have the funds to (cont)
      1/24/13
    • Perkins Cove: Once you get above $25,000. (let's be honest) then ST trades on VIX derivitives are gold, for daytrades. Look at the UVXY today, it's wild.
      1/24/13
    • jcllier3: (cont) not have day trade limits. I bought that $XIV just in time and its more than offsetting the $UVXY.... phew.
      1/24/13
    • Perkins Cove: The best advice is from those that have been in your shoes. Cool it on VIX derivatives until you get more daytrades available. Trust me.
      1/24/13
    • jcllier3: My post (2 back) wasn't clear: I truly do appreciate the advice, and will take all of the advice I can get. Thank you PC.
      1/24/13
    • Perkins Cove: You're welcome jclier3. And thanks for the backup x oil......
      1/24/13
    • Perkins Cove: So... Oh Dear (got to respect that name....)...we kind of took over your thread. But we can listen too.
      1/24/13
    • Perkins Cove: Tell us where YOU are. And what YOU need. Signed, the guys.
      1/24/13
    • Perkins Cove: Ah, the Mod edge...Not to worry x oil, you ain't close. But we all should hark back to the original poster......Oh Dear.
      1/24/13
    • Perkins Cove: ....lest she think we are not listening.. "Staying long" UVXY is not recommended at this time. Look at this chart......
      1/24/13
    • Perkins Cove: ....where UVXY is overlaid the VIX...... http://yhoo.it/UouMAT
      1/24/13
    • Perkins Cove: ...'nuf said Oh Dear? Ya...we care....its just who we are..... [IMG]http://bit.ly/Vm6QAO[/IMG]
      1/24/13
    • Oh Dear: Totally wild today PC! Mad thing that $UVXY
      1/25/13
    • Oh Dear: Point taken! Thanks PC.
      1/25/13
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