So it looks like I just became a sissy and felt I needed to pull out of the trade. I do have to admit I got pretty involved with it, more and more emotionally entangled. I suppose the secret is to be emotionally detatched! If I had held till now would have been 5.5K profit. I suppose it's not good to be keeping track like this! Time to move on to another trade.
But I'm seriously thinking of trading the VIX futures directly. Gonna explore that more. The issue with XIV is that it...since it is not trading but the futures are...it can really dive when a major calamity hits and there is no way to get out of the trade. I suppose I should always have stops for protection. But if you trade the futures I don't think there's that issue. And shorting the futures seems to be a good play. Maybe shorting those options on the futures would be good as well. Just need to stick with the vision. I'm trading too large to be comfortable with failure. I know. But I need to make a lot of money. Big balancing act. I suppose I should do "moonshot" trades then, like buy puts on SPX or something. But then there's a high probability of losing.
Something has kept me safe so far. I will trust some.
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