Fear - False events appearing Real

2020년 2월 29일

That is how much one would have made during the recent selldown. 233.40% return in 1 week by longing the VIX index. That is like the returns of S&P 500 last year multiply by 10 fold. WOW!

Due to its volatility , many retail traders shun trading this instrument and those who have a higher risk appetite would stand to gain if they longed it last week.

As I have said about trading, there are 3 ways to make money, Up, sideway and Down. Now, I believe, the downside is here for us to short it.

Like the DJI chart, this Vix index has reached its resistance level after revisiting the 2018 Jan level at 46.21.

We have a bearish engulfing candle close last Friday and it closed below the resistance line at 46.21. Again, we sell high and buy low to make profits .And the target is the gap awaiting to be closed or lower, depending on how long you can and want to hold.

Be warned, this can be a 90 degree plunge down just like the global indices we have seen over the last one week ! So buckle up and enjoy the ride down....

See you at the basement .....

2020년 3월 1일

액티브 트레이드

Short :27.09
SL : 29

2020년 3월 4일

노트

Praise Lord. It is doing well

2020년 3월 6일

노트

We were taken out ! Unbelievable!!!!