If I were you I would just short the SPY for now, until you investigate it more. I tried the short ETF once but for a short term trade. Because I'm a position trader - these tracking errors do concern me a bit.
I find it doesn't track CL that well. I used to trade CL and stopped a year ago.
These ETFs (USO) and the DXO Ive traded but I don't like them as much.
Natural Gas was the hardest for me to trade though.
Yes - it's pretty liquid too - I used to watch it when I used to trade futures.
I'm turning in, tommorow I hope for a slowing of the trend. I probably won't get what I hope for, but i've seen 2% of my profit this month evaporate in the past 3 days.
Thanks bud. Reason being, some days I'm having trouble shorting stuff - it's just not available. Those inverse things are always 'there' - but I do find tracking errors when I compare them.
Is it possible the credit problems in the market have filtered down to the broker level - where the...
I agree with you. These instruments you speak of are not for the general public in my opinion. They are tools used by professional speculators and hedgers, not buy & hope.
As for the other guy who recommended to the friends and family who made their 30% trade - that's a one off event. Your...
Are you still bearish like I am? I hope not, but do you think it's possible we make a new leg down in the S&P even right now in Q1 & 2?
I was hoping for some Obama rally - mabe a minor one, but I think i'm wrong on this.
Kiwi - I wanted to add that I'm still holding a number of longs exposed.
He probably isn't insane - he's probably just very lonely. At his age he should be out meeting girls - having fun.
As sad as it may seem - these laughs you talk about may be his only source of happiness.
You've got a feel sorry for the lad.
For some reason the futures are up right now.
I agree with you. This is the same old witchhunt that pops up from time to time in America, when the economy is doing bad - they like to blame the speculators.
When the market was rallying before the crash, were they blaming the speculators then? 'They' have tried anti-speculation attempts...
Who do you think the recent bailouts were for?
They were for wall street - ie. Traders are one group.
Thanks to the bailouts I've recovered quite a bit of losses already from 2008.
He's probably on a telephone chat line trying to find a prom date.
"I'm a wall street trader, I basically know everything about econ, women, and love."
Whos this:
"I basically know everything about econ, the markets, trading, data"
The thing about this kid that really makes me laugh is when he uses the abbreviations.
Like "I don't need to paper trade, cuz i'm fully VESTED in the market (actually vested is a word)" but you guys know...