its a little tougher with UPRO or SPXU because in lighter volume
the spreads can be wider. SSO has tight spreads. Trade 1000
shares and a penny move is ten dollars. Nice thing about using ETFs
is you can scale out, take some profit and leave a runner, without
trading multiple futures contracts.................
No, I watch the cash charts of te Dow & S&P and then
trade on the CFD market. Trade only during the time the US
markets are open and never keep a position over night!
Started trading only one contract at a time until I could
consistendly beat the market and then started trading more
contracts. If you can be succesfull at one contract then 5,10 or
more makes no difference but then you must be dissiplined.
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...me too but with SPXU
$SPX.pos div on MACD
Posted by angelo851 on 30th of Dec 2010 at 03:40 pm
...me too but with SPXU & UPRO.
its a little tougher with
Posted by Michael on 30th of Dec 2010 at 03:52 pm
its a little tougher with UPRO or SPXU because in lighter volume the spreads can be wider. SSO has tight spreads. Trade 1000 shares and a penny move is ten dollars. Nice thing about using ETFs is you can scale out, take some profit and leave a runner, without trading multiple futures contracts.................
Michael,If you trade CFD s(contract for difference the spread is only $2/contract)
Posted by kobie on 30th of Dec 2010 at 03:55 pm
CFDs
Posted by Michael on 30th of Dec 2010 at 04:01 pm
are you trading not in the US market?
Michael
Posted by kobie on 30th of Dec 2010 at 04:07 pm
No, I watch the cash charts of te Dow & S&P and then trade on the CFD market. Trade only during the time the US markets are open and never keep a position over night!
Started trading only one contract at a time until I could consistendly beat the market and then started trading more contracts. If you can be succesfull at one contract then 5,10 or more makes no difference but then you must be dissiplined.