Comments on: TVIX Swing Trade Idea

By: lionary

lionary — Tue, 12 May 2020 13:02:30 +0000

Lowest stop just hit on TVIX. No updates?

By: lionary

lionary — Mon, 11 May 2020 20:28:49 +0000

How come no update on this TVIX trade? (Significant loss so far.) Today’s huge drop with S&P flat and VIX near flat nonsensical?

By: pbwilli37

pbwilli37 — Fri, 08 May 2020 14:50:29 +0000

Randy TVIX dropped to to just below the buy level you had of 177.28, the low today of 176.78. Do you still feel the same and is your recommendation to add more at this level and as it moves up , knowing that the swings are so huge these days and the market is so strange acting? I have VIIX in my 401 self directed account and UVXY in a investment account.

By: tk1202

tk1202 — Thu, 07 May 2020 03:54:31 +0000

@rsotc I have a question sinceI am new to trading VIX derivatives such as TVIX, UVXY, and VXX. It seems like some are more leveraged than others according to details yet the return does not seem to match exactly the leverage factor. Would you be able to take a moment to explain little bit more in depth in regards to this topic? Is this the reason why you chose TVIX with 2x leverage despite VIX in general being more volatile vehicle. Thank you!

By: becky

becky — Wed, 06 May 2020 20:59:33 +0000

In reply to hafstjl06. Makes sense in that regard. Thanks!

By: PWL

PWL — Wed, 06 May 2020 18:58:24 +0000

@rsotc: some of us are in UVXY already. That is same play as TVIX, but not leveraged, right? We should be able to watch your targets for TVIX to help our exits for UVXY also?

By: hafstjl06

hafstjl06 — Wed, 06 May 2020 18:25:53 +0000

In reply to becky. A lot of people don't have a margin account or options to short an instrument, so this is a long trade in the sense that it's buying an instrument, despite it typically running inverse with the broader markets.

By: TJS

TJS — Wed, 06 May 2020 17:24:31 +0000

In reply to becky. Ah, yes. I see what you are saying. Its long the Vix, yes. My bad.

By: FooHawk

FooHawk — Wed, 06 May 2020 17:19:17 +0000

In reply to TJS. Having tried to play the TVIX multiple times during this rally only to see it keep fizzling out during the bull rally, I am setting a limit for the 177 entry. It is crazy volatle and I will wait for the best entry based on Randy's TA guidance. If this plays out, I will definitely be looking close out positions at the T targets and reopen as the trade plays out heading to new price targets. As I recall, TVIX ran up above 900.00 on the way down in early March.

By: Gambler

Gambler — Wed, 06 May 2020 16:53:40 +0000

In reply to TJS. TVIX moves with VIX if you are long in TVIX that's mean you are long in VIX. Becky is right

By: becky

becky — Wed, 06 May 2020 16:50:55 +0000

In reply to TJS. TVIX is a short-term ETN but not an inverse. Inverse would be SVXY. Charts posted by Randy reflect an anticipated move on VIX CBOE index.

By: TJS

TJS — Wed, 06 May 2020 16:42:23 +0000

This post reads fine to me. Not confusing at all. Going long TVIX, is equivalent to shorting the VIX. Except, you cant short the VIX. So, TVIX is the inverse vehicle chosen to do the job. Randy is predicting a rise in TVIX. But, like always, exact entry point and price is impossible to predict. So he is saying you can jump in now, or you can wait and see if you get a better entry point if and when it falls to the bottom of the channel. But if you wait, and TVIX takes off, you may miss getting an entry in the trade entirely. Hence, the starter position approach. Add a little now, and as it gets cheaper keep adding to the pot, but only down to support at the bottom of the channel.

By: becky

becky — Wed, 06 May 2020 16:19:47 +0000

It looks like you’re going long and not short. Hence the tags are wrong on this post.

By: bransth

bransth — Wed, 06 May 2020 15:54:08 +0000

I’m confused on the entry. TVIX was at 200 at the time this was posted. So suggested is a starter position at this level and if the price shoots up from here, that’s the position size? Add if price drops to the bottom of the channel? Seems possible it won’t go below 200 for a while.

By: PK

PK — Wed, 06 May 2020 15:44:39 +0000

Hi, just to be clear TVIX is 2x LONG the short-term VIX, and not 2x short the VIX as may be inferred from reading “TVIX(2x short $VIX volatility index ETN)”.

By: wlyang

wlyang — Wed, 06 May 2020 15:24:19 +0000

Remember last time Randy set up a TVIX trade ;)

By: Reddington

Reddington — Wed, 06 May 2020 15:23:17 +0000

Thanks @rsotc What do you think of buying Calls on VXX?