ETF (Sectors) swing trading

Quote from Trend Fader:

Can anyone post a list of liquid ETF's that are swingable?


--MIKE
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Here's a list of about a dozen of the largest ETFs with LQD (bonds) and 2 gold-related CEFs thrown in. etfconnect.com is good site for general information.

BBH
DIA
EWJ
IWM
LQD
MDY
OIH
QQQ
SMH
SPY
XLF
XLK
XLU
ASA
CEF

Here's a list of "medium" and up ETFs:

BBH
DIA
EFA
EWH
EWJ
EWM
EWT
EWW
EWY
EWZ
IBB
IGV
IJJ
IJK
IJR
IJS
IVE
IVV
IVW
IWB
IWD
IWF
IWM
IWN
IWO
IWV
IYC
LQD
MDY
OIH
QQQ
RKH
RTH
SMH
SPY
SWH
TBH
TTH
UTH
VTI
XLB
XLE
XLF
XLK
XLP
XLU
XLY
 
Quote from ShoeshineBoy:

I felt the spreads were a little too high on some of the smaller ETFs, but I realize a lot of that is personal preference and trading style.

You're where I want to be. Right now I'm kind of dabbling. I guess what I'm talking about is that I feel a lot of the technical stuff I felt was saying we were due for at least a small correction. But then we've had some more optimistic macro data this last week and now everything got bumped up a little. But I realize one could easily argue that we weren't due for a correction at all.

So how do you decide how many "threads" to trade, i.e. how many positions to hold at one time?
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a) I find very possible to get fill in between bid/ask in wide spreads.

b) max. positions I had together was 5, but it happened only once ot twice, typically up 2-3.
 
It's mostly a "preference" thing. I wanted to learn on the bigger ETFs where there's only a few cents spread. That way I don't have to watch it move through the spread as I'm learning.
 
Quote from lindq:



Yes, I've also found that to be true, generally. I've revised some of the indicators and levels I use for swing trading stocks into use for ETFs. Many of the same approaches work, but ETFs are more "shallow", less volatile in their price movement. So the opportunities for 2-3 point gains in holding a few days are seldom as strong as with individual stocks. On the other hand, they can also get hit with overnight and economic news. So in terms of overall risk/reward and best use of capital, I still prefer stocks.
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'zactly. However, what I'm thinking the key is obvious: just wait until after the macronews. These don't move blazingly fast so you've got time to be patient. I was just being stupid and entering before the announcement.
 
Quote from TraderNYC:

No I put on the position last week I think Monday or Tuesday....My exit is 29.95
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I hope 31 doesn't block you off...

well, actually I do cuzz then my XLK trade might recover. :D
 
Quote from ShoeshineBoy:



I hope 31 doesn't block you off...

well, actually I do cuzz then my XLK trade might recover. :D
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Based on 6 month/daily chart XLK looks weak now and can go down. Stop for short should be about 18 USD. What was you entry and target. Could you describe your setup on XLK more ?
 
I was afraid someone might ask. This is an example of a trade where I don't agree with my setup and I didn't follow my plan afterwards! I'm usually more disciplined than that.

Anyway, my current thinking is that most of the indexes are in a "stage III" (with most of them at the top of the Boll Band or the top of a descending wedge/triangle) that will look something like June/July/Aug in 2001. So I'll stay in until 17.8, but see if it goes down to 17. If it turns up much, I'll just get out so I can put those dollars to better use!
 
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