Posted by airstream on 28th of Jul 2010 at 01:32 pm
I like the fact that it trades less frequently so I don't
run into the 3 day issue in cash accounts also I like the fact
that I can position part of my portfolio in a less volatile
system that seems to require less daily
monitoring . Ditch mentioned the DZZ as a way to play the
pullbacks and as it is a leveraged ETN I can adjust my position
size accordingly . I would not use the system only in my
IRA's but prefer to keep my margin account for short duration
opportunities
yes but that won't work for the GDX swing system, they gold and
GDX doesn't always move together closely enough.
otherwise think about it, the GDX system even non-leveraged is
pretty good, heck every trade has been up 10%, so if you sold out
the entire position at 10% every time, that's a nice gain!
The system does a trade about once every 1 1/2 months, so 10%
every 1.5 months is really damn good considering it's
such a low maintenance system that doesn't have to be
watched all day
Actually, gdx and gld are approximately .75 correlated.
Not perfect, but I think that the system would word pretty
well going long gdx and using dgz to go short.
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Inverse fund
GDX swing system improvements/tweaks
Posted by airstream on 28th of Jul 2010 at 01:08 pm
Matt for those of us useing this system in an IRA account and can't short GDX are you useing an inverse etf or fund and which one ? Thanks
there is no inverse ETF,
Posted by matt on 28th of Jul 2010 at 01:12 pm
there is no inverse ETF, you can do the long only, but that works fine too and the stats are really good for the long only.
or, you can do a mutual fund, there might be an inverse gold stock fund.
but question is, why only do it in an IRA, do it in your trading account too
GDX System
Posted by airstream on 28th of Jul 2010 at 01:32 pm
I like the fact that it trades less frequently so I don't run into the 3 day issue in cash accounts also I like the fact that I can position part of my portfolio in a less volatile system that seems to require less daily monitoring . Ditch mentioned the DZZ as a way to play the pullbacks and as it is a leveraged ETN I can adjust my position size accordingly . I would not use the system only in my IRA's but prefer to keep my margin account for short duration opportunities
DZZ is inverse gold
Posted by ditch on 28th of Jul 2010 at 01:19 pm
DZZ is inverse gold
yes but that won't work
Posted by matt on 28th of Jul 2010 at 01:23 pm
yes but that won't work for the GDX swing system, they gold and GDX doesn't always move together closely enough.
otherwise think about it, the GDX system even non-leveraged is pretty good, heck every trade has been up 10%, so if you sold out the entire position at 10% every time, that's a nice gain!
The system does a trade about once every 1 1/2 months, so 10% every 1.5 months is really damn good considering it's such a low maintenance system that doesn't have to be watched all day
Actually, gdx and gld are
Posted by algyros on 28th of Jul 2010 at 06:21 pm
Actually, gdx and gld are approximately .75 correlated. Not perfect, but I think that the system would word pretty well going long gdx and using dgz to go short.