StockFetcher Forums · General Discussion · QID/QLD Trading<< >>Post Follow-up
davesaint86
142 posts
msg #58937
Ignore davesaint86
1/12/2008 9:57:45 PM

Does anyone out there just trade ProShare ETFs like QID/QLD? Is there a certain filter that you using for timing? I currently own QID and have a decent return so far. QID has been whipsawing up and down last week between 43.50 and 44.90. I think I could have purchased and sold QID and or QLD probably once every 1/2 for 6 hours for at least .75 cent gain each time per share.

Davesaint

nikoschopen
2,824 posts
msg #58940
Ignore nikoschopen
1/12/2008 11:14:00 PM

I trade mostly e-Mini futures (ES, YM, NQ, ER). You need only three things to trade successfully IMHO:
  1. Price (Where's the current price relative to support/resistance, trendlines, etc?)
  2. Time (The longer it takes to break out of the range, the greater the chance for a reversal.)
  3. Momemtum (Just as you NEVER want to catch a falling knife, you ALWAYS want to fade a weak advance.)


StockFetcher Forums · General Discussion · QID/QLD Trading<< >>Post Follow-up

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