VXX Routes S&P, DOW Again III
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DO NOT UNDER ANY CIRCUMSTANCES BUY THIS SECURITY AS I HAVE EXTENSIVE EXPERIENCE TRADING VXX
By the way, my reasoning for not buying and holding the VXX is shown in this graph (if the graph does not pull up, go to Google Finance, type in VXX and click "Get Quotes," then add the Dow Jones and S&P 500 as comparisons). Notice that the VXX for the week is up 6.01%, yet today, alone, it was up 7.04%. This fund can swing high or fall low in one day or multiple days; I see a "hold" strategy is ultimately defeatist (and misunderstanding what the Fear Index means).
Other posts in this series:
Federal Reserve: We're Going Long.
VXX Routes S&P, DOW Again.
VXX Routes S&P, DOW Again II.
The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
Posted-In: VXXTrading Ideas
