Anyone Trade Dia?

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dsq

Ive just started trading dia because individual stocks are to nuts to play now.Id rather just play the rallies in the dow instead of figuring out if a stock will follow the general market.
Only drawback is it is a high dollar unit.But you only have to play a few hundred and you get good proce swings fast.Nothing lagging.
 
The high share cost isn't really a drawback because it lowers your commission costs. For instance, IB's rate is $0.005/share for 200 shares or more. If you buy 200 shares of DIA, the commission is only 10 cents. If you trade $1 stocks on the other hand, you'd theoretically need to buy 100 times as many shares (assuming the same % volatility). That'd be $10 for the same *theoretical* trade risk.
 
dia just chopped around 3pts in the last hour alone...too bad i dont trade last hour of day...Up 1 pt and down 1pt in 1o mins...damn...ive been shorting dia today...i pay 5$/ticket any size/dollar amount.
 
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