Warning: Steem witnesses executed a hard fork on 2020-05-20, seizing 23.6M STEEM from 65 accounts. The funds were transferred to an account named @community321, the ownership (and intentions) of which have not been revealed. The witnesses claim to have been targeting accounts which defended against a hostile takeover in early March, but at least 2 accounts on the list have been inactive for over 4 years.
One of my favourite strategy is to short volatility in the market but this strategy requires some of your capital until the volatility dies down and only play with care.
VXX is basically a derivative of VIX future (recent months) which usually trade as contango. Recently, due to a very high volatility in the market, it actually trades in backwardation but the generate strategy is the same. To short the VXX. why? Because VIX is to measure the expectation of the recent market movement and the market could not go +10/-10% every single day. Market will return calm eventually. The upside to VIX is also limited due to the mathematically feature. But no one knowes how long it will stay at this level. So make sure you calculate how much capital you have before placing such trade.
![Screen Shot 2020-03-26 at 8.06.37 PM.png](https://cdn.steemitimages.com/DQmR51jCmJ8D1b3ab6xQ2cAKRTAQVBkTo8mLwUwXzLqEyV8/Screen%20Shot%202020-03-26%20at%208.06.37%20PM.png)