FAS / FAZ / Daily Discussions / Archives / 11-04-2011 / Thursday, April 21, 2011

Topie: Thursday, April 21, 2011
April 21st, 2011 01:35 PM
membar Allen: I've been doing my ATR calcs wrong, not dividing by previous day's close like Jimmy Smith and you told me to do. That's why I was confused about mx + b.

Stopped out of FKOS for the nth day in a row, but I picked up a tiny profit the last two days nonetheless. Still in TNA with TKOS.
April 21st, 2011 01:42 PM
allen314159 FAS and FAZ pivot off the previous close, so you gotta make sure any deltas are based on the previous close (and not the open).

Anyway, I'm kinda tempted to throw in the towel. I've had a pretty bad last few days.

Maybe just buy some AGQ, and continually try to short VXX.
(Edited by allen314159)
April 21st, 2011 04:13 PM
BullDog >Maybe just buy some AGQ, and continually try to short VXX.

Not a good idea to short vix here, rather you need to be long vix my friend.

Spot VIX is very low 14.5
VXX is not spot but a 1 month Futures factored in as well.
April 21st, 2011 07:31 PM
membar
Quote:
allen314159 wrote:
Anyway, I'm kinda tempted to throw in the towel. I've had a pretty bad last few days.

I feel your pain. Just ask yourself whether you're out of the backtest and if not, meditate on your 10-year TSK chart.

AGQ is incredible, isn't it? I've never seen anything like it in the short term. Not even FAS.