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      02-21-2013, 04:16 PM   #1269
slamako
Metal cutter
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Canada
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Drives: 135i 08 6MT Sed Red Met.
Join Date: Feb 2009
Location: Ontario Canada

iTrader: (0)

Quote:
Originally Posted by Vanity View Post

P.s. never touch TVIX, the vehicle does not track it's NAV correctly and will piss you off trying to capitalize on VIX spikes. Go with VXX. Never touch 2x Vix etfs unless you seriously want to not be able to cover your losses when it goes down.
Thanks for the tip. New to Vol trading. I'm planning to jump out by month's end. I want to have fear and uncertainty brew over the weekend.

Would you say the same applies for any leveraged (double/triple) underlying?

Since you mentioned this, I will watch this trade tighter. Thanks.
I'm on the right side of the trade (thus far) but will watch the decay.