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The ETF Trader

This blog was created to help inform the trader/investor on the opportunities that exist in the ETF(exchange-traded funds) world.

Thursday, February 22, 2007

SLV long and possible QQQQ short

Still long SLV with stop loss at 140.26.

QQQQ could be forming a double-top and would be worth watching for a short entry on price breakdown.

Posted by etfopportunitytrader at 11:31 PM

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Performance since blog inception(2/15/07)

Gain on a hypothetical $100,000 $15,596 , + 15.5%, S&P + 2.1%

Purpose of blog

To help the short-term trader identify levels in ETF's in which to enter/exit for an edge to make money. Long-term investors can also benefit from information on this blog to help them get into or out of a prevailing trend. All set-ups that are posted I trade myself.

Trading methodology

I do mostly swing trades (trades that last from 2 days to 1 week). I identify support and resistance levels on a weekly/daily chart and then drill down to a 60 or 15 minute chart to find my entries according to my rules of execution. I use a stop loss based on support/resistance on every trade to help minimize the losses that will occur. I either exit a winning position at (1) a predetermined level (2) end of a trend, or get stopped out for a small loss.

Blog Archive

▼ 2007 (49)
- ► April (10)
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- ▼ February (19)

About Me

etfopportunitytrader: I have nine years experience in the markets, trading on a mostly full time basis. I trade stocks, Forex, and futures.

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