VelocityShares Daily 2x VIX Short Term ETN (NASDAQ:TVIX)

CAPS Rating: 1 out of 5

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Member Avatar optioncoach (83.48) Submitted: 1/6/2016 9:33:03 PM : Underperform Start Price: $7.96 TVIX Score: -29.78

Here we go again, I am going to start shorting these plays as volatility spikes up. They will eventually come back down because they can't sustain for a long period of time due to the way they are priced and vol will come down. I will scale into these products as vol climbs and if it goes back down then I won't, but will lock in the gain just as I have done many times in the past.

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Member Avatar PrototypeZ (21.41) Submitted: 12/28/2015 10:05:50 AM : Underperform Start Price: $6.38 TVIX Score: -65.15

Blanket volatility ETF/ETN loser call. Wouldn't do with real money due to risk of margin call during spike....

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Member Avatar bbmaven (100.00) Submitted: 12/4/2015 1:09:18 PM : Underperform Start Price: $5.42 TVIX Score: -95.61

TVIX implemented their long awaited 1:10 reverse split on June 23, 2015. This follows similar 1:10 reverse splits previously executed in August 2013 and December 2012. This may not have been enough as we may very well see another one before the end of the year.

The volatility ETF's or ETN's (TVIX, TVIZ, VXX, UVXY, CVOL, VXZ, VIIX, VIXM, VIXY, XVZ and some others) are based on VIX futures - some short term, some longer term. When volatility is high, they will spike. However, that averages around 10% of the time over the course of a year and usually doesn't last long. When volatility is low, it costs the funds a great deal to continue to roll both the short term and longer term futures. When the longer term futures reflect more volatility than the shorter term futures (which is true about 90% of the time, the resulting phenomenon is called contango - TVIX will go down even if the vix stays static. The reverse is called backwardation - but is also usually short lived.

In essence, each of these as long term investments are horrible - they WILL go to zero eventually. In fact, their design almost dictates that they do so. They are the safest short on the planet except for one thing - when the spikes in volatility occur, it is tough to maintain the shorts as the shares become extremely difficult to borrow. If one is over allocated, the margin requirements become severe. And there is a good chance that one's short can get closed out at the worst possible time.

This is not a problem in the CAPS game. Each of these will go down in the long term - GUARANTEED

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Member Avatar FVelociraptor (99.43) Submitted: 12/2/2015 1:14:04 PM : Underperform Start Price: $5.42 TVIX Score: -95.61

Volatility tracking index. Contango in the futures markets doom these instruments to decay towards zero over long periods of time. See UVXY for real money short.

http://velociraptor.cc

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Member Avatar hba24 (80.05) Submitted: 11/20/2015 1:09:28 PM : Underperform Start Price: $6.32 TVIX Score: -69.00

Basically designed to lose money in the long term. Although you can short this in a real-money portfolio, that is a bad idea, because the possibility for drastic short term jumps means you could be forced to close your short position for a huge loss. But it's a perfect CAPS short.

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Member Avatar APJ4RealHoldings (32.03) Submitted: 9/2/2015 12:27:13 AM : Underperform Start Price: $6.42 TVIX Score: -65.13

significant portion of portfolio is now weighted on TVIX from trades made today (and recently).
amongst the action today for TVIX:
sold some short at 15.30
sold more short at prices 17.17, 17.54, 17.66, 18.28, 19.11, 19.45
bought and closed out a small portion at 18.20 for a quick tiny gain on some of the later sells.

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Member Avatar TSIF (99.96) Submitted: 8/19/2015 2:47:02 PM : Underperform Start Price: $5.81 TVIX Score: -82.73

Riding the coaster, smaller hills, still not sure if we'll end up 2-3% more down, China is a big consumer, but valuations from a US / Europe standpoint are starting to see fair. Must fall down sooner or later.

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Member Avatar andrewjtraylor (42.35) Submitted: 8/17/2015 6:23:49 PM : Underperform Start Price: $5.58 TVIX Score: -90.36

Designed to go down

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Member Avatar AnsgarJohn (96.81) Submitted: 8/12/2015 3:31:33 PM : Underperform Start Price: $5.77 TVIX Score: -83.80

VelocityShares Daily 2x VIX Short Term ETN (

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Member Avatar lorenzo404 (< 20) Submitted: 8/11/2015 6:49:36 PM : Outperform Start Price: $6.45 TVIX Score: +64.75

tvix papo but to day

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Member Avatar 1russianguy (< 20) Submitted: 7/29/2015 9:27:26 AM : Underperform Start Price: $8.31 TVIX Score: -31.17

The volatility ETF's or ETN's (TVIX, TVIZ, VXX, UVXY, CVOL, VXZ, VIIX, VIXM, VIXY, XVZ and some others) are based on VIX futures - some short term, some longer term. When volatility is high, they will spike. However, that averages around 10% of the time over the course of a year and usually doesn't last long. When volatility is low, it costs the funds a great deal to continue to roll both the short term and longer term futures. When the longer term futures reflect more volatility than the shorter term futures (which is true about 90% of the time, the resulting phenomenon is called contango - VXZ will go down even if the vix stays static. The reverse is called backwardation - but is also usually short lived.

In essence, each of these as long term investments are horrible - they WILL go to zero eventually. In fact, their design almost dictates that they do so. They are the safest short on the planet except for one thing - when the spikes in volatility occur, it is tough to maintain the shorts as the shares become extremely difficult to borrow. If one is over allocated, the margin requirements become severe. And there is a good chance that one's short can get closed out at the worst possible time.

This is not a problem in the CAPS game. Each of these will go down in the long term - GUARANTEED. When ETF's and ETN's get down into single digits, they often do a reverse split to continue trading..

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Member Avatar TerryHogan (99.87) Submitted: 7/18/2015 1:14:26 AM : Underperform Start Price: $6.03 TVIX Score: -77.99

I have access to a shredder at work. If you want to do something more productive with your money than invest in this ETN, I can hook you up.

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Member Avatar BlazerMania (82.41) Submitted: 5/15/2015 12:44:07 PM : Underperform Start Price: $10.50 TVIX Score: -6.95

Real money trade via direct short.

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Member Avatar MrMighty (34.47) Submitted: 5/11/2015 9:10:34 AM : Underperform Start Price: $11.20 TVIX Score: -0.43

Constant erosion from expenses make this an easy long-term short

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Member Avatar ayaghsizian (97.70) Submitted: 1/7/2015 4:59:06 PM : Underperform Start Price: $27.90 TVIX Score: +56.18

sux

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Member Avatar craze191st (27.00) Submitted: 10/17/2014 2:32:30 PM : Underperform Start Price: $46.30 TVIX Score: +78.26

Contago will ensure this loses value.

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Member Avatar ruinas (33.58) Submitted: 6/3/2014 5:56:11 PM : Underperform Start Price: $42.20 TVIX Score: +73.88

retest old lows

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Member Avatar XMFDivine (35.99) Submitted: 4/18/2014 1:24:52 AM : Underperform Start Price: $65.00 TVIX Score: +85.38

Contango, constant reverse splits

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Member Avatar gatzbp (63.97) Submitted: 3/7/2014 1:02:42 PM : Underperform Start Price: $91.60 TVIX Score: +94.46

seems you can only compete with top CAPS if you short all the levered ETFs, so i'm capitulating and doing that.

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Member Avatar BryanLitchford (< 20) Submitted: 10/14/2013 5:41:56 PM : Outperform Start Price: $148.70 TVIX Score: -103.48

Look to this stock as a safe bet against a United States Government Default

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