Daytrading Ultra QQQ ProShares (NYSE: QLD)
Posted on November 17th, 2008
Written by Richard
Posted in: N/A (old archives)
Cool… I didn’t realize so many ETFs had moved from AMEX to NYSE. Anyway…. reader Todd requested QLD in the comments. Honestly, I prefer stocks to ETFs because the volume flow is less confusing to track, but here we go:
The simple stock system selects 6 entries, of which 4 were clear winners. The first and fourth trades didn’t just run the other way… but the pullbacks were severe enough that you might have wanted to take a small loss. In any case, the winners here should definitely edge out the losers for any daytrading style I can imagine. So, not as strong a showing here as the Goldman Sachs example I just posted, but pretty good nonetheless.
I have yet to see the simple stock system have a bad day on any stock I’ve thrown it at. If you are curious, look over the posts tagged simple-stock-system, and see for yourself!
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© 2010 Richard Todd. I am not a financial advisor, and nothing on the site should be considered investment advice or actionable recommendations. I'm just an individual, saying what I think, and sharing my experiences.