by Mike L.
Each time I need to think about the people buying the VIX or any other VIX-Related products, I always look at this picture and end up laughing.
VIX has been nothing more than a shadow of its former self. It's a strongly manipulated product that doesn't even give justice to the reason it was created in the first place.
Each day traders grapple with making decisions - to buy or sell - how much and for how long? Don't allow yourself to be the sheep in the markets. The so-called experts will always open their pie hole on useless things because they themselves are frontrunning for positions. It's a form of legalized promotion really - akin to penny stocks.
Accept the markets for what they are and do not try to make it more complicated. The markets are financial vehicles. It's a wealth-transfer mechanism - from the poor to the rich. Or, in a daytrader's case, from the sheep to the wolves. Don't be a penguin, be a killer whale! Get smart, outwit, outlast, outplay!
Have a good day! :)
Traders from Equity Sense will be writing on this blog on positions and other market-related things.