As a potentially profitable opportunity presents itself, John will send you an alert with specific trade information as to what should be bought, when to buy it, and at what price. This is your chance to ?look over? John Thomas? shoulder as he gives you unparalleled insight on major world financial trends BEFORE they happen.
Trade Alert - (XIV)- TAKE PROFITS
SELL the Velocity Shares Daily Inverse VIX Short Term ETN (XIV) at $29.50 or best
Closing Trade
12-4-2015
Portfolio weighting: 10%
Number of Shares = 367 shares
I?m sorry, but at my advanced age, I have learned to always take a windfall one day profit of 8.37% whenever it occurs.
Trading has been hard enough this year without passing on the occasional gift, like this trade. And the commissions on this round trip are minimal, or at least they should be.
So, I?m taking profits on my long position in the Velocity Shares Daily Inverse VIX Short Term ETN.
We are one terrorist attack away from the next spike in the Volatility Index, whether it comes from ISIS or another crazy person. Heaven help us if this is part of a broader coordinated attack like they?re getting in Europe.
With 300 million unregulated guns in the country, it is a guarantee that another soft target massacre is going to happen again soon.
Always take the easy money.
And be constantly ready to buy the (XIV) again on the next (VIX) spike to $20.
For a detailed description of this 1X short volatility ETN please click here for the issuer?s website at http://www.velocitysharesetns.com/xiv
Here are the specific trades you need to execute this position:
Sell 367 shares at????.??$29.50
profit: $29.50 - $27.22 = $2.28
(367 shares X $2.28) = $836.76, or 0.84% for the notional $100,000 model trading portfolio.
It Turned Out that the Next Move in Volatility Was Down