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  • Take some profits on the VXX Trade

Take some profits on the VXX Trade

randholm
May 21, 2014 10:02 am / Published in * Trade Alert, VIX, VXX

Take some profits on the VXX Trade

I gave a gain of about 2.6% on the VIX trade from yesterday. I am taking some profits.

Set a trailing stop or trim your position:

I am taking 20% out and setting a breakeven for about 30% of the entire position.

Important levels: Yesterday’s Low Close – cutting risk if we get to those levels

 

VXX

 

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