Stocks

[ADG]

what would one use to short the VIX - CBOE

I got good advise on that one...

[ChaimMoskowitz]

To all the guru's. Anyone calling a top this month?

[aygart]

going fishing?

[davidrotts63]

I think so, nothing major tho.

How wrong. What a week.

[Sport]

To all the guru's. Anyone calling a top this month?

Thinking you can call a top or bottom of a market disqualifies you from the title of guru.

[ChaimMoskowitz]

Thinking you can call a top or bottom of a market disqualifies you from the title of guru.

Maybe that is why no guru's answered? 

[ludmila]

As hard as it is to resist things on your own, it's so much harder when you feel a duty to explain and warn others, especially if they are young enough to have no real memory (as in a personal portfolio that suffered losses) to remember.

Intellectually they will say, OK, so it crashed, took a while to come back, then 2008 came, and look what happened since. Everything will come back and be higher. They find it hard to Internalize that starting point makes a huge difference, that certain times when liquidating assets are beyond your control, etc. etc.

One of my favorite articles on the topic is Richard Russell's a"h Rich Man Poor Man (search Google, it's been published in several places, though only a few of them have the full version.

Excellent article by Richard Russell, thanks for posting it .

[ExGingi]

Excellent article by Richard Russell, thanks for posting it .

It is one of 12 excellent pieces which John Mauldin put together in his book (actually a compilation) Just One Thing. Recommended read.

[ADG]

this one? https://books.google.com/books/about/Just_One_Thing.html?id=_FAkW1Qc3jUC&printsec=frontcover&source=kp_read_button#v=onepage&q&f=false

[joeberg]

Today, USD/NOK closed at 7.64 for the first time!!

Still holding your short?

[ludmila]

Still holding your short?

Yes I am still short, the USD got stronger against all currencies in the last 3 days due to talk about higher interest rates, that is what also tanked the market, I still can't tell if the USD reversed or is just retracing part of the down move, soon it'll be clearer, I placed a stop at 8.155, still profitable for me if it gets hit.  Make sure you place a stop and stick to it, do not let a profitable trade turn to a loss no matter what.

[ElectricCPR]

Any thoughts on Twitter's surge in response to  it's earnings? Would you sell or hold?

[ADG]

Any thoughts on Twitter's surge in response to  it's earnings? Would you sell or hold?

I would not have bought.

But I will tell what I am holding... VIX- because you should have known massive corrections would be coming.

[ElectricCPR]

I would not have bought.

But I will tell what I am holding... VIX- because you should have known massive corrections would be coming.

I bought a while ago for a great price

[ExGingi]

I would not have bought.

But I will tell what I am holding... VIX- because you should have known massive corrections would be coming.

And how exactly are you holding VIX?

VIX isn't really an asset, it is a derivative. And Exchange Traded products are derivatives of that derivative.

Caveat emptor.