Adding TVIX

Admittedly shorting has not been a winning strategy in 2019, however the graphic above gives us comfort in ratcheting short exposure higher.

We'll add a 3rd TVIX position once it trades back above $54.46

If it then rises to $64, we'll book that profit and have two TVIX positions remaining.

TVIX closed the week at $52.16

No stop in place, considering these TVIX positions like lottery tickets which won't expire.

Note that TVIX had a 1:10 consolidation earlier this month, as is common peridocially for such instruments, so its price is now 10x higher while previous holdings are 1/10 the shares, resulting in the same capital speculated.

High risk ... high reward?

Proceed with prudence and caution.



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NASDAQ All-Time Chart

The NASDAQ was founded in 1971.

Here's its entire historical chart:

2017 - Present:

 



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