I now have no positions (except for some old GM Shares)

Lost $220 getting rid of 10 January 15th monthly VIX 14 puts. Not sure if its the right decision, but I wasn't sure if those would ever be profitable a this point since we are entering a new downturn.

SO NOW I'M $1023 in the hole...all this can be made up by selling ONE bull put spread in the money when the market starts to turn. I need to be looking for where this turning is going to happen so I can buy calls too....must make money on this downturn. Will have to bite at first signs, while giving enough time for a turn. These turns are rapid, and getting in at the moment does NOT seem to work for me. Oh well. Get in early then, and suffer for a bit.

Repeat after me: When the vix starts to climb with green candles, buy calls on the VIX.

I will try puts on VIX again when the market is showing signs of a bottom....this time I will have to bite. Better early than late. And buy VIX 18 puts at the minimum...no 14 puts even if they are super cheap because you might not make money. VIX 20 puts even better if vix goes to 25 or so.


AHHHHHHH!! Not as easy to make money on market as I had thought.

So anyway, here's an up to date chart so you can see how things stood when this post was written:

I don't know what's wrong with the charting website but we are not at 2080. We are at 2058.90