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UVXY Traders Heads UP...


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#1 SemiBizz

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Posted 05 March 2018 - 09:25 AM

I sold and now I'm asking questions later...

 

flipped some UVXY from Friday after the close into the premarket this morning...

 

I stepped up and took the money this morning...

 

I see a note on UVXY I do not like, this is a heads up..

 

It has a notation -  I'm out and not going back in until I understand this... anyone?

 

 

FSI: D

Deficient -Issuer Failed to Meet Nasdaq continued listing requirements

 

 

 


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics


#2 SemiBizz

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Posted 05 March 2018 - 09:47 AM

UVXY RED on the day...

 

VIX up 1/2 point

 

VXX still GREEN...

 

Looks like UVXY is getting the discount of doubt.


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics


#3 Data

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Posted 05 March 2018 - 10:04 AM

Leverage being cut on UVXY.  Was announced last week.  Margins on VIX futures being raised to 60 percent.



#4 q4wer

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Posted 05 March 2018 - 10:25 AM

I lost a lot of money on UVXY , it is a weird animal,  some lawyer contacted me , they said to fight for a lot of traders on UVXY, but later on, I didn't even get one cent.



#5 SemiBizz

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Posted 05 March 2018 - 10:28 AM

Leverage being cut on UVXY.  Was announced last week.  Margins on VIX futures being raised to 60 percent.

 

http://www.proshares...ve_changes.html

 

Yep, just found the link...

 

Messing with these VIX ETFs doesn't give me a warm and fuzzy feeling about the underlying...


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics


#6 Harapa

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Posted 05 March 2018 - 10:39 AM

These instruments could do wonder, if you can wither 50+% losses. These follow regression channels  > 90% of the time.



#7 SemiBizz

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Posted 05 March 2018 - 11:38 AM

UVXY is an HOURLY TRADING INSTRUMENT... Holding it for any length of time is a DISASTER... it's only meant to be held SHORT...

 

Long term track record for holders is catastrophic...

 

After countless reverse splits...

 


Edited by SemiBizz, 05 March 2018 - 11:38 AM.

Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics


#8 dTraderB

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Posted 05 March 2018 - 12:54 PM

Would recommend traders stay away from those inverse VIX instruments:

 

Repercussions of the Short VIX blow-off still being felt:

 

Chicago-based LJM suspends trading, closes fund

By Modern Trader staff

March 1, 2018 • Reprints

 
Screenshot%202018-03-01%2016.10.53.png?i

Reuters is reporting that Chicago-based commodity trading advisors and fund manager LJM Partners Ltd, is closing its doors after experiencing massive losses following the extreme sell-off in equity markets in early February.

LJM runs several different programs but their core strategy is option writing. They are generally short volatility and where so when volatility as measured by the CBOE Volatility Index (VIX) spiked on Feb. 5.

http://www.futuresma...ing-closes-fund



#9 SemiBizz

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Posted 05 March 2018 - 12:59 PM

Yes, that's what I am thinking... the entire PRODUCT LINE is BROKEN...

 

So there is definitely RISK


Price and Volume Forensics Specialist

Richard Wyckoff - "Whenever you find hope or fear warping judgment, close out your position"

Volume is the only vote that matters... the ultimate sentiment poll.

http://twitter.com/VolumeDynamics


#10 tommyt

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Posted 05 March 2018 - 08:40 PM

Old news that you don't want to hold these products. Its candy and a tease, they don't call it the widow maker for nothing.