The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Yep - made it easy to know where my top up money is going this morning.
Well actually you should always aim to purchase at the bottom. Vix is now down 35% today. So VILX should be up by the order of 80% from yesterdays close - did 15% today. However what I also noticed from my records is it starts slowly then in panic mode goes up more than you would expect (they are futures of futures) and then comes down sloly on the retrace. So by tomorrow my vilx will be at 10% and I should be able to wether any sell -off. The bedwetters in the yahoo artciles are predicting a sell off. I recommend those who haven't got one get themselves some sort of hedge bet while we wait for the Darl Lord Mooky to deliver.
Yes I thought it was a bit of dirty dog market manipulation but the vix is till going up.... I've just been back through my vix, vilx, FT350 records for March and the similarlity is uncanny, FT didn't really show anything in the first week, but the vix and xilx did. Second week a bang MOnday opn, then Thursday and Friday (always the FT100 bad days) with a recovery of sorts on Wed, Anyway it's a 5 week pattern so I won't bore you - the thing is you are right, there were recovery days when it was good to get out and then fall days when it was good to buy the close (at least a little flutter) and of course sell Vilx at the same time. So yes there is always a way to make money - but you need a hedge. Myhedge is the vilx - because I remember the 3UKS and 3ULS spreads were horrible during this period but the vilx spread is never that abd and it's beta is prodigeous. I reckon with 10% VILX in your portfolio you will cf your index tracking shares you will always be able to cover any pullback - whereas obviously you would need 25% 3UKS or 3UKS. The downside is VILX is a pain when the markets are happy because it decays about 5% per week. My tip for anyone trying this is go for 5% VILX - get used to using fixed price buy and sell orders, and if it works for you - increase it to 10% when you suspect a **** storm like this is kicking off. My advice to anyone is always watch what the vix is doing - it does oftne predict a change in direction in the market by a day or so - which is exactly the edge we need, GLA. M
I did tell you all about hedgng in the vix and the vilx this morning. I was trying to help. This is the fault of the SP500 market today - and guess what - its rising ever since 16:30 BST. I saw this all the time when I used to trade boosts - that why I don't ade indexes anymore - they are as badly manipulated as stocks these days.
Oh tick up - that was quick..!
Teabags - wish I knew how to invest in plastic free ones.
Yep being played just like an AIM share. News will come when we least expect it - so big boy insiders get the biggest share of the benefit.
Just to let you know VILX and vix rose sharply yesterday even as SP500 rose sharply. I have not seen this before. VILX is an excellent hedge against short term index losses. No I do not have a clue what is going on - because trying to read politics and national economic indices is even more of an insiders game - but fyi I've removed one preset top slice this morning - the one on VILX.
They will do anything, literally anything, to try and stop the buying and use of UK tests and cures in the US - remember demestos-gate. Just have to keep buying the dips and waiting for realism to return.
Zak Mirr is a journalist whole likes charts. Charts don't tell you waht is going to happen, they give you potential trading patterns. If you listen to what he says he not only indicates this constantly, but often he will say that a target is unlikely or only indicated by the data. I get it. I read the charts. I'm mindful that not only investors, but now algorithms in computers trade on the basis of chart patterns. The truth is if trades follow the chart patterns, the chart patterns will be a useful predictor, but they are not a fundamental of the business, and ultimately fundamentals of the business will dictate price.
Yes I thought that - but now I'm beginning to wonder if it was all a con. If its a con, his reputation/credibility will be ripped up in tatters - and as I don't think he's too worried about money, I think he will say anything he has to say as soon as whatever it is ?a signature? is secured- beause it will be his reputation he cares about.
It was that git TW trying to destroy Birtish innovation on behalf of his US paymasters.
First post. No point selling at a loss. Wait for the next ramp.
Overdue !
I think Putin is the smartest man in politics. Most people don't grasp he has more enemies in the Kremlin KGB etc than most do in their lives. And all these years on he is still in power. Says it all. As for these radioactive poison and biowaepon attacks - he's not stupid enough to do that. A quick push onto the rails under a lorry or off a cliff is his probable modus operandi When will the west realise it is his enemies ijn the Kremlin that used bioweapon and radioactive poisons to kill people so the finger would be pointed at him. Russians love chess. Those were just moves in a chess game. Look at the timing - in the middle of his prestige world cup tournment in Russia. How stupid people are. The problem is Russia is like the wild west - but they have big bad toys they play with - so we better hope a capable tough guy like him keeps the real loonies under control - think of the aftermath of deposing Saddam
All very complicated isn't it ? The issues that ST raised about debt apply to all recovery stocks not just this one. The will in time therefore apply to the banks as well. The banks will not be allowed to go under but more money will be printed. Consumption and then production and prices will fall and stockpiles build up. Work will be a distant memory. Then money will find something that is increasing in value - the only thing that doesn't rely on people to make it or get consumed - which is actually 2 things - gold/ & crypto. Gold will have its day but finally crypto will become the thing. Rich people will invest in what they think the "gold standard" crypto is eg bitcoin, but clever (not that clever otherwise they wouldn't be able to figure this out) banks and governments will transfer their wealth to some obscure crypto like "fu" and then declare that "fu" the legal currency screwing everyone else overnight. Then we'll all be in it together and we'll all realise that Mooky's shinangans - which is what I too am beginning to suspect these are - are as irrelevant as sunshine on a cricket pitch in March or October - which seems to be the only time there is sunshine on a cricket pitch these days. Happy evening chaps ps some legitimate vaccine that - half tested and approved by Mr President Donald "the chosen one".
When I first bought in here I saw a comment that someone htought it was their share of the year and would go on and on higher and higher - not in a rampy way but in an almost poopogetic way and certainly without any false conviction - more as a speculative comment. That was reassuring. I share it with you now because during the recent pull ack from the 90s I kept asking myself if I should pul out and remembering the words of that person - and having more than bagged already - I stayed in. Just imagine how amazed I am now. So I know nothing... but I agee - feels good in this one - more so now than it did before. I just keep slicing the gains because it has to paause again sometime.
I saw it turn at 1.2 bid and thought - that looks like the bottom - tried to dive in and couldn't get in below 1.30 - so defo was the bottom. Nice when the pain stops. Looking forward to a nice rise now.
The time consuming bit is looking at the fallers and deciding do I want to top up (when they start to rise) or do I want to be elsewhere... That's the bit I usually get wrong.
I just use autotrade limits - its effortless