XIV trader: ‘I’ve lost $4 million, 3 years of work and other people’s money’
The VelocityShares Daily Inverse VIX Short Term ETN was created to give traders an opportunity to bet against a rise in volatility — the calmer the markets, the more profitable the trade. And it’s been one of the best plays out there amid the bull’s long and steady assault on new highs. Not anymore.
Feb 6, 2018