Ok people, things are about ready to boil over here.
Everyone is holding their breath and crossing their fingers that all the economic data dropping first week of June 'won't be as bad as expected' so the market will then rebound.
It's all hopes and dreams though. It's gonna be worse, decent chance of MUCH worse.
If we get to the end of June, and I have to sell off my $150 TVIX at $100 because it was all smooth sailing the whole month. So f*ckin be it. I'll hold my head high and take the L.
But I aint missing a play that could pay up to 5x (proven just two months ago) within a couple weeks when fundamentals are the worst in a century and the global economy is running on hopes and dreams lol.
What a setup.
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Today the price hit the lowest we'll see in awhile at $138 and climbed to $144 by close, that's the bottom.
I also expect that we move out of the buy zone by June 5th and begin harvest preparations.
You're probably reading this after the spike but here's the targets for the few active TVIX riders out there:
Buy Targets: >$280 = Do not buy (risk/reward ratio starts looking substantially worse here) $205-$280 = Okay value $180-$205 = Good value $150-$180 = Great value <$150 = You're crazy like me
Sell Targets based on Volume Profile of spike two months ago: $390 - Will sell 20% of my shares $600 - Will sell another 20% chunk $750 - Another 20% $920 - Another 20% Best Value - Final 20% trying to catch the peak :)
If at any point a peak looks imminent, prior to the estimated peak here, will dump all. Not trying to be a hero here.
Lets hope for a bountiful June harvest :).
Comment
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Called the month, was a bit early on the TVIX spike but 1 day multibaggers really make it all worth it B).
Sorry, I am trying to get your idea but I don't think I do - why is it crazy to but at $150 or below? You had really good calls in the past so I am considering despite that I am with you and expecting a little stock market crash in June, but you never know... even if all economic indicators are bad it seems the people's psychology (their dreams and hopes) is the biggest factor these days
ProfitHarvest
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@JGM0706, Buying now/<$150 instead of when it has already started breaking up is very risky.