Just a little advice (worthwhile?) from an old timer about trying something new.

[jnbadger]

If you are a mean reversion trader and wanted to try trading an index then why would you pick QQQ instead IWM? That makes no sense to me.

I am not sure what you are using but just a casual glance at the price charts should be enough to tell you which one to trade. It doesn't even need any complex tools.

Another excellent question. The real (incredibly stupid) answer? I originally told my prop firm I don't need Amex quotes. QQQ and TQQQ are NSD, so I went with them. BTW, I tried TQQQ just to manage risk better because of the liquidity. What a stupid idea for an extremely short term trader. (Bring on the TQQQ hate)

If there were any ETF I were to trade, it would be IWM, but I still don't think it would have mattered. I think it would still have been a necessary subconscious kick in the ass.

 

[jnbadger]

But to be clear AGAIN, I do not trade mean reversion in any index. Just stocks. That would be fucking suicide. An 8 year old with an IQ above 75 could should know that.