Originally posted by 1carcrazyguy
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Stock Market Game Round 2 (What can you do with $10,000 in three months)
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Originally posted by Jewrrick View PostOne person is down over 52% today and another is down over 12%
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Time to short the VIX.Originally posted by davbrucasI want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.
Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?
You and slow99 should date. You both have passive aggressiveness down pat.
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Originally posted by slow99 View PostTime to short the VIX.Originally posted by davbrucasI want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.
Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?
You and slow99 should date. You both have passive aggressiveness down pat.
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Originally posted by SVT Lurch View PostUnfortunately the game does not allow that symbol.
You do have to be careful going long VXX when the VIX is low though. The negative roll yield component (assuming contango) of futures means this thing is setup to go to zero over the long run ... it just keeps reverse splitting to maintain a price. Even if the VIX itself doesn't go down over a long timeframe, you'll get killed holding the VXX long. That's why I wait for it spike up then short it.Last edited by slow99; 02-07-2014, 01:13 PM.Originally posted by davbrucasI want to like Slow99 since people I know say he's a good guy, but just about everything he posts is condescending and passive aggressive.
Most people I talk to have nothing but good things to say about you, but you sure come across as a condescending prick. Do you have an inferiority complex you've attempted to overcome through overachievement? Or were you fondled as a child?
You and slow99 should date. You both have passive aggressiveness down pat.
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Originally posted by slow99 View PostIt isn't a ticker ... it's the Volatility index. It doesn't "exist" tangibly ... it's a number backed out of the Black-Scholes option pricing model. The "fear guage" if you will ... you can short the VXX though, that's how I do it. For non-margin accounts you could go long XIV (the inverse VXX etf).
You do have to be careful going long VXX when the VIX is low though. The negative roll yield component (assuming contango) of futures means this thing is setup to go to zero over the long run ... it just keeps reverse splitting to maintain a price. Even if the VIX itself doesn't go down over a long timeframe, you'll get killed holding the VXX long. That's why I wait for it spike up then short it.
That's all a foreign language to me. And a perfect example of why I enjoy this virtual game! One if these days it will click.
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I just wished I could do this good in my real portfolio. Fear of losses is all that holds me back.Don't worry about what you can't change.
Do the best you can with what you have.
Be honest, even if it hurts.
"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy; Its inherent virtue is the equal sharing of misery" ... Winston Churchill
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I am just really curious what 01 lightning is holding to have lost over 10 grand.
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Originally posted by jyro View PostI just wished I could do this good in my real portfolio. Fear of losses is all that holds me back.
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