Most everybody in and out daily? I'm sure some are "investing" but that seems like a risky, if not outright dangerous, play. I wonder how many like myself are out there day trading <1000 shares on a fairly regular basis?
I started out on 8/5/11 50% cash 50% udow, udow goes up 10%, I take 10% off, udow goes down 10% I add 10%. With 50% cash I can buy or sell 4 times if the market goes in one direction (aprx. 2000 Dow points) I use stop and limit orders. the more ups and downs the better. I think I may have found something that works, any advice?
I dont day trade these, I buy on a down day and sell on an up day, usually the three day rule. In at 5% low, out at 5% high. Most of these swing 6% a day so I take small gains <250, but i take them every 3 days so it adds up.
Interesting. I'm sure there are many ways to play this. You must be dealing in very small quantities then? Nothing close to 1000 shares anyway? Aren't you afraid that one of these days there won't be an up day after a down day? This market is a sham and I expect a big collapse soon and would not be able to sleep holding 1000 shares of this overnight.