Why did I spend ~$100 to figure this out? Why?
The orders just don't fill unless the price move past the position. I suppose maybe I could have held on instead of getting out when that happened, but it's anybody's guess as to which way the futures will ultimately go...can't really count on this thing.
The only good news is I now have the ability to trade vix futures directly, even if I am paying $25/month for it. And I can cancel that at any time.
So much for the millions I was going to make doing this. ^^ The lesson is: paper trading is close but not accurate. Any strategy which involves very precise entries and exits is likely to be flawed in real markets if it does work on paper.
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