Comments on: TVIX Stopped Out for 8% Beta-Adjusted Loss https://rightsideofthechart.com/tvix-stopped-out-for-8-beta-adjusted-loss/ Stock Trading, Investing & Market Analysis Fri, 05 Jul 2019 18:47:46 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/tvix-stopped-out-for-8-beta-adjusted-loss/#comment-6642 Fri, 05 Jul 2019 18:47:46 +0000 https://rightsideofthechart.com/?p=191939#comment-6642 At this point, the daily chart of TVIX looks as, if not more constructive than it did when I added the trade & the equity markets still very much appear poised for a reversal/correction. Whether or not you continue to hold if TVIX moves lower from here is up to you but I can say that the R/R at this time appears to favor being long. However, it would greatly help the case for a TVIX long if the large-caps (SPY, QQQ & DIA) start to move lower very soon as the /NQ & /ES futures are currently backtesting their 60-minute uptrend lines that the broke below earlier today.

We don’t have any hard or high-probability sell signal on the stock market right now & the near-term trend is bullish so you should decide just how much more room you are willing to give that trade & then make sure that you have a stop (or multiple stops, if scaling out) in place. Remember, you can always re-enter a trade that you are stopped out of if the charts later confirm another objective entry. Should the stock market continue to rally, TVIX can & likely will continue to fall so as I like to say, never get married to a trade. G-luck on the position.

]]> By: Hoperush https://rightsideofthechart.com/tvix-stopped-out-for-8-beta-adjusted-loss/#comment-6634 Fri, 05 Jul 2019 15:14:50 +0000 https://rightsideofthechart.com/?p=191939#comment-6634 Hi Randy,

Welcome back. I had not set stops and I am still in trade and this was mostly a hedge for long positions as well. Per your analysis I see that potential rally is possible, so I can still hold it right ?

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