SEC doesn't care that much I think about protecting investors
..... Like approving those leveraged Inverse Short term
VIX ETN back then ... those were obviously flawed and easy to
destroy in a single day... and it did back in Feb 2018
... was good in a constant low VIX environment for years
... but VIX trades at 10 .... this can easily double
or triple in a day, killing those product in a single day ...
I still remember that day when many folded because of a
massive VIX spike ... I personally know people who were in XIV that
lost some good amount of money ... that's why it's important to
understand what you own when you trade those exotic products
... and if you don't understand it, you shouldn't be trading
it ... or at least reduce your exposure to a minimum
...
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
SEC doesn't care that much
Leverage increase now in effect for 3 of the Tradr ...
Posted by mla127 on 16th of Jul 2024 at 12:50 pm
SEC doesn't care that much I think about protecting investors ..... Like approving those leveraged Inverse Short term VIX ETN back then ... those were obviously flawed and easy to destroy in a single day... and it did back in Feb 2018 ... was good in a constant low VIX environment for years ... but VIX trades at 10 .... this can easily double or triple in a day, killing those product in a single day ... I still remember that day when many folded because of a massive VIX spike ... I personally know people who were in XIV that lost some good amount of money ... that's why it's important to understand what you own when you trade those exotic products ... and if you don't understand it, you shouldn't be trading it ... or at least reduce your exposure to a minimum ...