Dow?
- Thread starter irvinehomeowner
- Start date
NEW -> Contingent Buyer Assistance Program
BRB going to google VIX VXX
It's fun talking with people to see their philosophy really come out. I was talking to one friend about taking profit in this volatile stock that he owns and then just buy the next gap down. But he said he doesn't want to wake up and miss the day it skyrockets.
Looking at some bio pharm firms, I can see why people stay in there day to day and don't scalp profits because there are days where it gaps up 40%
but like they say a bird in the hand is worth two in the bush or is two birds in the bush worth one in the hand? >
There are ETFs for that, I'm looking at FXP and YANG, but those 2x, 3x ultra short ETFs can burn you. Have to get in and out quickly. It's probably too much gambling for my liking.
My question is, if China's stock market is going to crash is it time to GTFO stocks like eyephone said?
Unlike other market, China's market is heavily manipulate by the government and it's going to be interesting to see how far China's central government willing to let the market slide and how much they can do to stop the slide.
So far the China's stock fall alone haven't affect US stock as much as Greek crisis or the Fed rat hike. Maybe all these event happen together will create a perfect storm and its time to GTFO or buy short EFTs.
usctrojancpa
Well-known member
Took up just a little over $125k in margin.GH said:
usctrojancpa
Well-known member
I'm definitely more of a short term trader...not really a day trader as I trade front month VIX options and front week VXX options. Goal is income, not appreciation.Coleman said:
Coleman
New member
USCTrojanCPA said:
BRB going to google VIX VXX
It's fun talking with people to see their philosophy really come out. I was talking to one friend about taking profit in this volatile stock that he owns and then just buy the next gap down. But he said he doesn't want to wake up and miss the day it skyrockets.
Looking at some bio pharm firms, I can see why people stay in there day to day and don't scalp profits because there are days where it gaps up 40%
but like they say a bird in the hand is worth two in the bush or is two birds in the bush worth one in the hand? >
The Motor Court Company
Well-known member
China stock market is crashing?
lnc said:
There are ETFs for that, I'm looking at FXP and YANG, but those 2x, 3x ultra short ETFs can burn you. Have to get in and out quickly. It's probably too much gambling for my liking.
My question is, if China's stock market is going to crash is it time to GTFO stocks like eyephone said?
toady13 said:
Unlike other market, China's market is heavily manipulate by the government and it's going to be interesting to see how far China's central government willing to let the market slide and how much they can do to stop the slide.
So far the China's stock fall alone haven't affect US stock as much as Greek crisis or the Fed rat hike. Maybe all these event happen together will create a perfect storm and its time to GTFO or buy short EFTs.
usctrojancpa
Well-known member
I'm not too worried....VIX is under $18. I do use stop losses in place. My stop loss for this trade is .80. I can also buy lower VIX calls or sell higher VIX puts, lot of ways to squeeze out profit.aquabliss said:
The Motor Court Company
Well-known member
bought SDS (2 x bear) at $19.82 and sold all the shares at the end of market yesterday. was thinking buying SPXL (3 x bull) at the same time but hesitated. it looks like today is starting off with a small rally; perhaps buy more SDS?
The Motor Court Company
Well-known member
got some SSO @ $64.3. Let's see if Quffet is right again
