why is the vix dropping so fast

Anyone trade the vix here? I noticed its really down from 50 points to 20's and its surprising because i was long on the vix and its left me with a big loss😒 The US economy doesnt seem to be getting any better so why the quick drop? Thanks

I wouldnt have taken a long position if i were you, whenever the vix is that high there is a high chance it woud drop with no logical explanation. This is why i dont beleive that its impossible to beat the market because not everything follow straight jacket market rules.

Futures & VIX prices have an inverse relationship, before you trade the vix you can observe the futures market. If futures prices are going up then it means the vix is dropping or expected to drop.