You can also set stops for the ultra ETFs to trigger based on
the underlying index price or the relative ETF, i.e. use XLE to
trigger a stop on DIG. Because the relative ETFs have more
volume, smaller spreads and less emotional players in general they
may be somewhat less subject to whipsaws.
Ultra ETFs: Stops
Is Dig a sell? Thought it was a swing trade?
Posted by martin on 19th of Aug 2008 at 12:24 pm
You can also set stops for the ultra ETFs to trigger based on the underlying index price or the relative ETF, i.e. use XLE to trigger a stop on DIG. Because the relative ETFs have more volume, smaller spreads and less emotional players in general they may be somewhat less subject to whipsaws.
Stops
Posted by pthoreson on 19th of Aug 2008 at 12:29 pm
Interesting idea I had not thought of. Thanks.
Yep, good point. I also
Posted by matt on 19th of Aug 2008 at 12:28 pm
Yep, good point. I also like to gauge my buy/sell signals on the 1X ETF's