Posts Tagged ‘sso’

04/18 – ETF Trading – Gain on SPY, SSO

We took a small gain on our S&P 500 etf trade – our exit signals for SPY triggered with Friday’s rally and we took a gain of .43% at the close. The leveraged etf trade in SSO yielded a gain of .92% – all in a 3 day trade.

We didn’t have a full trading position for this trade, but we still had a winning trade. Our goal is to produce more winning trades versus losing trades. On that goal, we’re on track. We have made 42 winning trades out of 52 for the year. That’s a winning percentage of over 80%.

I have no etf trading opportunities to suggest today. We’ll wait for a market correction to trigger some new etf trading opportunities.

A great gift idea for stock traders – get the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.

Disclaimer:The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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Get More Day Trading Strategies …

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• 09/05 - ETF Trading - Gain on SPY, SH, SDS A nice gain on our short trade! Our exit signals for SPY triggered with Friday's sell-off and we took a gain of 2.58% at the close. The inverse trades in SH and SDS yielded gains of 2.59% and 4.95% respectively. Our goal is to produce more winning trades versus losing......
• 12/09 - ETF Trading - Gain on SPY, SH, SDS We took a small gain on our short trade in SPY. Our exit signal triggered with yesterday's sell-off and we took a small gain of .67% at the close. The inverse trades in SH and SDS yielded gains of .47% and .95% repsectively - not quite the gains like we......
• 01/07 - ETF Trading - SLV, AGQ Good morning. SLV closed lower yesterday and you took your second position in the etf trade. Likewise for the leveraged etf trade in AGQ. Should SLV close lower today, take your third and final position in the trade. Otherwise, our etf exit signals are triggered when the etf price is......

• The Key to Blogging for Profit In the last two blog posts, we talked about identifying and banking on your strengths, and identifying and banking on your sources of traffic. Any time that you find a significant source for blog or website traffic, there are almost always going to be ways that you can build even......
• Introduction To Forex Trading If you are just starting out in the stock trading business or if you are already in it, you may have heard the term Forex trading quite a few times, but you probably might not have a clue on what it may actually mean. Forex or foreign exchange trading is......
• Exchange Traded Funds a.k.a ETFs It’s time for another investment post in the My First Portfolio series.  I hope you have enjoyed reading about Mutual Funds, Stocks , and Dividends.  Today we are going to discuss another type of investment option that is available for our investment portfolios. Exchange Traded Funds are also known as......

04/15 – ETF Trading – SPY, SSO

SPY closed higher yesterday, but not enough to trigger our exit signals.

Take a second trading position should SPY close lower than our entry price.

Otherwise, our exit signals are triggered when the closing price for SPY is higher than it’s 5 day moving average, or – for a potentially larger gain – when the RSI 2 is greater than 70. We’re using the latter.

All trades are at the market close. Please trade responsibly.

Follow the trading signals for SPY when trading SSO.

All etf trading strategies are found in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.

Disclaimer:The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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Learn 16 Strategies to Improve Your Trading…

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• 10/20 - ETF Trading - EWJ, EWY Prices for EWJ and EWY moved higher yesterday. As such, our entry signal did not trigger and we did not enter the etf trade. We'll wait for a stock market pull-back to trigger some new entry signals. Updated stock charts are posted below. Want more information about how I trade......
• 03/15 - ETF Trading - XLE, DIG XLE closed higher yesterday, but still not enough to trigger our exit signals. Updated charts are posted below. Take a third trading position should XLE close lower than 73.83 - trade DIG on this signal for the leveraged trade. Otherwise, our exit signals for XLE are triggered when the etf......
• 12/18 - ETF Trading - FXI, SPY Markets moved lower yesterday and so did FXI. We're into a full trading position, patiently waiting for our exit signals to trigger. Our etf exit signals are triggered when the etf price is greater than it's MA(5), or - for a potentially larger gain - when the RSI(2) is greater......

• Very Easily Increase Web-site Visitors When you have a web site, you without doubt remember how excited you're when it went love the very first time. The way you expected miracles. The way you wanted the visitor counter to go through the rooftop during the first week. And just how none with this actually happened.......
• A Fixed Income ETF Can Moderate Returns Without Sacrificing Liquidity Traditional investing wisdom recommends a careful mix of stocks, bonds, and cash (sometimes real estate and commodities, too) in order to maximize flexibility while minimizing potential losses. The idea was that stocks provided the flexibility to buy into booming sectors and sell when a particular industry began to wane. Bonds......
• Earn a Profit Collecting Rare Coins If you are looking to earn a profit with a unique type of collection, then one of the collection options that you may want to consider is rare coins. When you are collecting coins for the purpose of an investment, then it is probably going to follow that you are......

04/14 – ETF Trading – SPY, SSO

We did not take a second position in our etf trade eventhough SPY closed a point lower yesterday (per our FreeStockCharts charts). Personally, I’m looking for a bigger move lower to take the next trading position.

Our trading calls for making our trades at the market close. Some trading platforms will allow you to do that, some don’t. I, for example, actually watch a chart in the last 15 minutes of the day and make my trade within the last 3-5 minutes of the trading day. As you can see in the minute chart below, SPY floated above it’s previous day closing price just before the close. And even if it had dropped just below the yellow line, as I mentioned above, I’m looking for a bigger move lower to take the next trading position.

Updated charts are posted below.

We may take up to a total of 3 trading positions over the next couple of days. To review, our first position is 1/6 of our total trading amount. Our second position is 1/3 of our total trading amount. Our third trading position is 1/2 of our total trading amount.

Take a second trading position should SPY close lower than 131.46.

Otherwise, our exit signals for SPY are triggered when the closing price for SPY is higher than it’s 5 day moving average, or – for a potentially larger gain – when the RSI(2) is greater than 70.

For SSO, follow the trading signals for SPY. All trades are at the market close. Please trade responsibly.

Join me every day as I offer new etf trading ideas for you to follow. Learn more about the etf trading strategies in the book by Larry Connors: High Probability ETF Trading.

“Minute” chart for SPY:

Updated daily charts:

Disclaimer:The content on this site is provided as general information only and should not be taken as investment advice. All site content, including advertisements, shall not be construed as a recommendation to buy or sell any security or financial instrument, or to participate in any particular trading or investment strategy. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a position in any company or advertiser referenced above. Any action that you take as a result of information, analysis, or advertisement on this site is ultimately your responsibility. Consult your investment adviser before making any investment decisions.

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Can’t make a trade? Let Warren Buffett manage your portfolio – AlphaClone

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• 05/26 - ETF Trading - IWM, UWM IWM closed higher yesterday, but not enough to trigger our etf exit signals. Take a second and final trading position should IWM close lower than our entry price and the RSI 2 falls below 6. Otherwise, our exit signals are triggered when the closing price for IWM is higher than......
• 10/24 - ETF Trading - USO, SCO Our short trade in USO is taking a bit longer than usual. We have a full, short trading position and we're patiently waiting for continued selling and a move lower to trigger our exit signal. USO closed higher on Friday. Our exit signal is triggered when the RSI 2 for......
• 10/13 - ETF Trading - USO, SCO A repeat of the previous day, USO closed lower yesterday. As such, we did not take a second short position in the etf trade. And using the signals for USO to trade SCO, we did not take a second trade in SCO. Updated charts are posted below. We may scale......

• Keeping Track of Your Favorite Information The old ways of staying up to date on important information, or stuff you are interested in, are no longer adequate. There is too much information and it is moving too fast for us to wait until it shows up in our mailbox or other print periodicals. Fortunately, the folks......
• The Pros and Cons of Investing in ETFs In last decade, specialty ETFs (Exchange Traded Funds) are probably the hottest thing to hit Wall Street since the rise of the discount brokers in the mid 1990s. Initially, ETFs were not very popular because they only tracked the performance of a few stock market indices. However, in today's investing......
• Junior Gold Miners ETF, the Bubble in Gold and What You Should Worry About Over the Weekend Is there a bubble in gold? Liz Weston thinks so.  And if you talk to Matt at Steadfast Finances, he'll be quick to agree. I'd concede there's definitely a boom or "bandwagon" effect happening with money flowing into gold right now, but I'm not convinced it can be called a......