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/biz/ - Business & Finance

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873045 No.873045 [Reply] [Original]

Retard here. How fucked am I?
Got UVXY I bought at 67.81, it closed at 63.05.
I think I'm going to pick up smoking this weekend.

>> No.873048
File: 82 KB, 732x528, Screen Shot 2015-08-29 at 00.57.26.png [View same] [iqdb] [saucenao] [google]
873048

>>873045

>> No.873057

>>873045
I feel bad for bragging about my VIX gains over the weekend, I've seen several anons get destroyed trying to trade the VIX this week
How many shares?

>> No.873066

>>873057
140
Bought here, thinking it would go up right before close. Still gained, but this buy set my gain back. Couldn't sell when it dropped so quick. Any thoughts on Monday?

>> No.873070
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873070

>>873066
forgot pic

>> No.873102
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873102

Can someone explain to me why the fuck this is @ 292000 4 years ago? Same shit I saw with TVIX and other leveraged ETFs. Only thing I see odd is 0 volume. Are these pre-market prices or something?

>> No.873104

>>873102
they do splits and reverse splits a lot because of contango on the underlying futures

>> No.873114
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873114

>>873045

Real question is who bought to drive stock prices green today and why?

>> No.873115

>>873104
So any thought on next week?

Do you think will see INX below 1800 any time soon?

>> No.873117

>>873114
cause nothing has really changed since two weeks ago

>>873115
depends on the Fed, no disaster for now though

>> No.873119
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873119

>>873114
This is what I'm wondering, I'm thinking my position is safe.

>> No.873130

>>873119
>not expecting the zombie cat leap
rookie mistake

>> No.873132

>>873114
>>873119
I went full aggressive $10,000+ on Ultra Inverse Dow 30 Short ETFs today. Today is a sale compared to what will happen 2 weeks from now.

Market crash, my stocks go up dash. You can't beat me, silly jews.

>> No.873142
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873142

>>873132

>> No.873153

>>873045
Dude, you have to draw the trend channel, and then put a sell order at just below the line of support, so that shit like this doesn't happen to you.

If the line of support breaks, it goes into freefall.

>> No.873172
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873172

What institutions are capable of moving the market so much?

>> No.873385

>>873114
the same people who made prices drop and bought up all the margin calls on monday

>> No.873507

Am I the only one here thinking that AMSC might be going somewhere soon?

>> No.873520

Got in a little late monday but bought tvix at 8.45 monday. Sold at 12.53 tuesday.

Rebought at 11.45 yesterday, sold today at 14.04... waited until 12:56 to sell (PDT). Contemplated selling at 1245 when it was 14.30s but had a gut feeling that was wrong. Sold before the drop to the 13.80s tho so i fell good about it.

Fuck holding volatility over the weekend.

>> No.873522

>>873520
And BTW stop-limit orders are your friend when trading volatility.

>> No.873537

>>873045
>I think I'm going to pick up smoking this weekend.
No wonder you lost money if you're considering this economically disastrous decision.

>> No.873751

>>873537
Of course I'm not going to.