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Should sell TVIX?


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Should sell TVIX?

  #21 (permalink)
NewBird
Hartford, CT, USA
 
Posts: 18 since Oct 2019
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My only worry is: whether UPRO will be delisted or not.

As long as it is not going to be delisted, it should be Ok to keep it, and wait until S&P rebound. However, I don't know if it will be delisted. Any good ideas?

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  #22 (permalink)
MrDevDevy
Pheonix Arizona
 
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I'm sure the members aren't here to bully you, but it is important to have a plan with each trade. A lot of us adjust our plans against our own benefit But an idea of where to get out is always helpful 99% of the time. If I were to speculate on this, I'd say it will have one more modest bump. If anyone were lucky to bank off the meat of the move, it probably isn't worth holding any longer. if you caught it on the dip, I'd hold on tight.

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  #23 (permalink)
NewBird
Hartford, CT, USA
 
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Thanks. But what you said seems a bit contradictory or at least confusing to me.

By holding tight if getting it during the dip, what if it will be delisted or some other policy affects it? You will lose a lot depending on how low it further goes. Or do you mean you don't think it will be delisted at all? In that case, regardless when the buy time was, one would always hold them until they rebound which may take a long time but better than losing so much.

Or did I miss anything?

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  #24 (permalink)
 
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 suko 
Kyoto, Japan
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Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
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In my view both neither TVIX nor UPRO has liquid options so they are both shitty products.

I would never trade either of them.


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  #25 (permalink)
NewBird
Hartford, CT, USA
 
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People here keep talking about following trading plan. How to make a good trading plan? Is there any short tutorial (e.g. video)?

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  #26 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
Market Wizard
 
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Broker: TD, TW, IB, Saxo
Trading: VXX, VIX, SPY
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Stick around and start a journal, read other people's journals, slowly things will come together.

Also, watch the webinars, they are invaluable.

It's all here.


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  #27 (permalink)
NewBird
Hartford, CT, USA
 
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VIX future is in backwardation. TVIX should still be jumping much higher at some time in the near future (say, a week or a few weeks)? Should hold, if I have, right?

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  #28 (permalink)
 
suko's Avatar
 suko 
Kyoto, Japan
Market Wizard
 
Experience: Intermediate
Platform: TW TOS LiveVol
Broker: TD, TW, IB, Saxo
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The only vol products that the pros now trade are VXX and VIX options.

TVIX is a deeply flawed product with a very bad track record.
It could blow up or be delisted any day now.

Stick with VXX.


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  #29 (permalink)
NewBird
Hartford, CT, USA
 
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But many S&P volatility ETFs/ETNs are following the same trend, right? Since VIX future is backwardation, they will more or less going up much higher, except for those with defects (e.g. TVIX as you said), right?

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  #30 (permalink)
NewBird
Hartford, CT, USA
 
Posts: 18 since Oct 2019
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Hi, Suko,

Thanks for your comments before.

Right now, the VIX futures are still in backwardation (see attached screenshot). Does it mean VXX still have chances to go up a lot? It's dropping a lot during the past two weeks? Is there any hope to go back to the price two weeks ago?




suko View Post
The only vol products that the pros now trade are VXX and VIX options.

TVIX is a deeply flawed product with a very bad track record.
It could blow up or be delisted any day now.

Stick with VXX.


vix

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