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A system suits all stocks, except ETFs/QQQ/Etc.? Do you know Why?
- Thread starter OddTrader
- Start date
Quote from Cocaine:
If you knew the difference between an ETF AND a stock, you would probably be able to piece together why a method would work on ONLY stocks and not applicable to ETF's.
Its common sense!
Your logical thinking is beyond my comprehension! I am a newbie wanting to learn from you gurus!
So I guess you don't know the difference then. No wonder you are so lost.
But I hope you are trading with real money, if retail guys are like you, I should expect even bigger months coming up.
But I hope you are trading with real money, if retail guys are like you, I should expect even bigger months coming up.
Quote from OddTrader:
Your logical thinking is beyond my comprehension! I am a newbie wanting to learn from you gurus!
Quote from Cocaine:
If you knew the difference between an ETF AND a stock, you would probably be able to piece together why a method would work on ONLY stocks and not applicable to ETF's.
Its common sense!
Does it mean that in general all trading methods for stocks would not be suitable for or applicable to ETFs?
Quote from OddTrader:
I like to learn new ideas.
Do you know of any trading system/ method that trades/suits all stocks, except ETFs/QQQ/Etc.?
Do you understand why? Are ETFs also stocks? Is that logical at all?
http://elitetrader.com/vb/showthread.php?s=&postid=1978661#post1978661
?
The Price Volume Relationship works in any market, on any time frame - provided sufficient liquidity exists. PVT refers to a specific methodology which uses the Price Volume Relationship to trade equities which match certain fundamental parameters. Since ETF's do not meet threshold with respect to these fundamental parameters, by definition ETF's cannot work with PVT. Only stocks which match (or exceed) the fundamental criteria can be traded using PVT.
However, one can trade ETF's using the Price-Volume relationship.
If you still don't understand, perhaps this analogy will provide some clarity.
You've started a thread to ask why someone can't use indoor paint to cover the outside of their house.
HTH
- Spydertrader
However, one can trade ETF's using the Price-Volume relationship.
If you still don't understand, perhaps this analogy will provide some clarity.
You've started a thread to ask why someone can't use indoor paint to cover the outside of their house.
HTH
- Spydertrader
Here is a search result of 7 posts with poster "spydertrader" and "ETFs" as keywords:
http://elitetrader.com/vb/search.ph...=2446020&sortby=lastpost&sortorder=descending
http://elitetrader.com/vb/search.ph...=2446020&sortby=lastpost&sortorder=descending
Quote from Spydertrader:
The Price Volume Relationship works in any market, on any time frame - provided sufficient liquidity exists. PVT refers to a specific methodology which uses the Price Volume Relationship to trade equities which match certain fundamental parameters. Since ETF's do not meet threshold with respect to these fundamental parameters, by definition ETF's cannot work with PVT. Only stocks which match (or exceed) the fundamental criteria can be traded using PVT.
However, one can trade ETF's using the Price-Volume relationship.
If you still don't understand, perhaps this analogy will provide some clarity.
You've started a thread to ask why someone can't use indoor paint to cover the outside of their house.
HTH
- Spydertrader