I have not updated this thread in a while, however, this has been a real challenging year for me. I am only up 7% for the year after being up 16% earlier in the year.
I have been pretty much day trading - monitoring the markets hr by hr.
If the market has a good couple of days, meaning the Dow going up about 300 points, I would buy the vix, the opposite would mean buying into the the general markets, for the most part. However, I think everything has to be short term. This market is definitely not for the weak hearted.