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   Strategies & Market TrendsDaytrading stocks and futures


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From: Ron2/6/2018 12:58:28 PM
   of 5757
 
VIX Futures ETF Contributed to heavy selling, and it may not be over:
cnbc.com

Maybe these types of trading vehicles should be kept in a separate trading arena from stocks.

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To: Ron who wrote (5713)2/6/2018 1:37:23 PM
From: Sam
1 Recommendation   of 5757
 
Credit Suisse is getting rid of XIV. Down $89 in a day!

XIV trader: 'I've lost $4 million, 3 years of work and other people's money'
MARKETWATCH 1:32 PM ET 2/6/2018

Symbol Last Price Change
9.97 -89.03 (-89.93%)
QUOTES AS OF 01:30:17 PM ET 02/06/2018


The VelocityShares Daily Inverse VIX Short Term ETN(XIV) was created to give traders an opportunity to bet against a rise in volatility -- the calmer the markets, the more profitable the trade. And it's been one of the best plays out there amid the bull's long and steady assault on new highs.

All that changed, however, when the stock market began to seriously flame out last week. The ultimate gut-shot landed Monday when the Dow Jones Industrial Average was smacked with a record-setting retreat. The XIV dropped 90% after hours (http://www.marketwatch.com/story/volatility-armageddon-cratered-one-of-wall-streets-most-popular-trades-2018-02-05) following the selloff, leaving a trail of destruction in its wake.

Nowhere was the pain more palpable than on Reddit's "Trade XIV" group (https://www.reddit.com/r/tradeXIV/comments/ 7vi6oa/xiv_after_hours/), which counts more than 1,800 members. One of them goes by the cyber-handle Lilkanna (https:// www.reddit.com/user/Lilkanna), and to say he's had a rough stretch would be a huge understatement.

"I've lost $4 million, 3 years worth of work, and other people's money," he wrote in a post that's garnering lots of attention. "Should I kill myself?"

First response: Absolutely not. Second: Show proof.

So Lilkanna posted this screenshot:

If he's to be believed, wow. Brutal. How did it happen?

"I started with 50k from my time in the army and a small inheritance, grew it to 4 mill in 3 years of which 1.5 mill was capital I raised from investors who believed in me," Lilkanna explained, adding that those "investors" were friends and family.

"The amount of money I was making was ludicrous, could take out my folks and even extended family to nice dinners and stuff," he wrote. "Was planning to get a nice apartment and car or take my parents on a holiday, but now that's all gone."

Reddit can be an unforgiving place for those sharing tales of woe, but Lilkanna's epic collapse struck a chord and the feedback, for the most part, was supportive.

"Hey man, I know others have said it but I'm here for you man," Passively-Aggressive wrote. "It may seem like the end of the world but tomorrow is a new day."

UNoobIPro echoed that sentiment. "Jesus dude, if you were able to turn 36k into 2.5 million (even with raised capital), you can make back all the lost money and then some," he said. "You just have to learn from the lessons and give it time, you will make it back in no time. It sounds cliche as f**k but you know its true."

And Silver5005 commiserated with his awful market experience.

"If you want to feel better I was short from the election of Trump all the way until 1/26/2018 and I basically ran out of money and liquidated the last of my account," he wrote. "I sat through the most brutal bull market rally in history just to watch the crash begin a week later."

The support seemed to ease the pain.

"Thanks for your kind words. Its always quite humbling to get shat on by random people," Lilkanna responded. "It's also EXTREMELY uplifting to be reassured by other people you don't even know on the internet."

Hopefully, words are enough for now, because a recovery in the XIV doesn't look too promising at this point. Credit Suisse, the bank behind the security, announced Tuesday that February 20 will be the last day of trading (http:// www.marketwatch.com/story/credit-suisse-announces-plan-to-liquidate-xiv-inverse-volatility-etn-2018-02-06) before liquidation.

-Shawn Langlois; 415-439-6400; AskNewswires@dowjones.com

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From: Ron2/6/2018 5:46:17 PM
1 Recommendation   of 5757
 
Nice snap-back today. Dow Futures were up 3.3%, S&P up 2.9%. We'll see if they hold.


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From: Ron2/7/2018 10:22:17 AM
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Robots vs. Robots and the VIX
washingtonpost.com

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From: Ron2/7/2018 7:20:34 PM
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Some interesting trading still going on this week. Dow Futures dropped another 328 points after the close.
They've since bounced a couple of hundred points but I think some 'trading vehicles' are still being sorted out at the end of the day.

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From: Ron2/9/2018 12:28:29 PM
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Nasdaq Futures just dropped below short term support from Feb 6th.

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From: Ron2/12/2018 3:34:29 PM
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Fun with charts: The S&P Emini dropped to its 200 day moving average.. and bounced..twice:
The Russell emini dropped well below its 200 day.. and bounced. The Dow and Nasdaq futures
never got that low:


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From: Ron2/14/2018 2:10:37 PM
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More fun with charts: The Nasdaq futures during release of the CPI numbers and after the market open:
15 min chart


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From: Ron2/21/2018 7:06:34 PM
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Did somebody say 'interest rates'? The market still gets the vapors when the Fed's leanings come out.
This afternoon the reversal came at the release of the Fed Minutes from their last meeting...
Dow Futures: 15 minute chart


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From: Ron2/25/2018 5:50:01 PM
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A handy scan of 104 Dow Jones Indexes:
sharptraders.com

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