One of the mistakes that sends many traders to our option mentoring is the trading of VXX. Shockingly there are traders that think this ETN should perform the way the VIX performs. This is clearly NOT the case. Today the VIX closed 14.39 up 1.03%, the VXX on the other hand closed unchanged to 21.58. VIX is up a touch less than a point from the open on Monday. VXX is actually DOWN from that open on Monday. We can actually see the differences in a visual tick by tick chart of VIX and VXX.
Here is a chart of the VIX over the last 2 days