Personal Trading Notes By Tim - http://stockstobuy.orgNote to myself, for future reference. Don't buy TVIX for hedging purposes during a large up day. A less risky trade would be to wait to buy TVIX on the morning after on a pop.
After a large 500 point rally on the Dow Jones on Wednesday, the market attempted to go up again in the first hour of trading on Thursday. This would be the best time to take a shot at buying TVIX. TVIX just rallied from $43.20 to $44. Even if you have to pay up $1, at least you will have an exit point at $43.20 on the downside.
The rally now looks like it is running out of steam and TVIX is staging it's first major rebound in the past 24 hours. Let's see if TVIX reverses from here or drops back down through $43.
Thank you for reading, I am taking this blog in a new direction starting today. Instead of writing my notes down on paper, I plan to share them with the world.
