@clevers are you sure it’s just 5% annually? The hard to borrow annual interest rate is a variable one. Currently, it’s at 7.5%. I’ve 5%, but i’ve seen it up to 13 or 14%. I suppose it changes based on supply&demand.
What’s your opinion on crooked Andrew Left? Media gives him spotlight to basically fill his pockets with money. I don’t disagree with his prediction, but how can we allow Citron to have so much influence?
No, I’ve only traded S&P related as it is the largest and based on functional market thesis without deliverable assets underlying. Oil, gold, both deliverable assets. I could never offer someone a box of volatility 😉 Makes a difference in the AUM value theory.
@seth-golden a couple things. Subscription, Reuters, Barron’s, Business Insider, all of the above, or none of the above? I’ve had Motley Fool and WSJ in the past, and I thought they provided little value. On a separate topic, have you looked into Chinese tech? Seems like China in general has the most to gain in user and user growth. I see more…[Read more]
Regardless of how terrible of a strategy it is to put all your eggs in one basket, I chose to do it anyway in one particular account. I “found” an old employer’s retirement account which had been sitting in cash for quite some time – don’t ask why. Anyway, i dumped the entire thing into $FB at $188/share. Wish me luck. I think this is where I…[Read more]
@seth-golden generally speaking, safe to short UVXY again? or are you looking for a higher level of contango or other indicators, especially with the revised changes to its guts? VVIX continues to stay elevated, relatively speaking. Seems like the “ALL CLEAR” has not been announced yet.. haha.
Safer is a better word for shorting VOL and it will always be found defining that margin of safety through liquidity. With a full core holding I am continuing to look for scalps on VXX, but using UVXY for LOBs
i added a short batch of vxx at 31.39 and added 20 shares of svxy at 116.94 and 30 shares at 11.70. Can’t find shares of other VOL etp’s.. VIX Futures falling hard, i hope this continues.. Needless to say, these trades take a strong stomach.
I suppose the other thing to mention, is that most that start a 10k account lose patience and try to turn that into 50k. While that sounds doable, it just simply isn’t the norm in the markets – no free money.
@seth-golden Seth, I noticed you tended to dissuade this trade with that example of capital size “at this stage of the bull cycle.” So, how are you weighting this conclusion to @ultrafeel? Imo, the time management is the issue. It’s not worth all the time spent to manage a 10k account shorting vol (unless you did a set it and forget it core…[Read more]
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