My goal with this blog is to document my evolution as a trader focusing exclusively on trading highly liquid ETF's intra-day. In some rare instances I might swing trade ETFs as well.
Why ETFs? There are about 50-60 ETFs that trade every day with a volume >1M. Most of these have a very low bid-ask spread. I can also quickly shift my focus to any sector or area of the market depending on which way the market is trading. I can also easily short and add leverage through the UltraShort and Ultra ETFs. There is a great advantage to focusing on a small set of securities that you get familiar with every day. I don't have to search for the "hot stock" of the day and hope I enter before the momentum disappears. The downside to the ETF approach is that ETF's usually don't have much intra-day volatility, so perhaps there's less of a spectacular trading upside. On the other hand, I cant lose as much either.
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DISCLAIMER: This is a personal web site, reflecting the opinions of its author. The information on this site is provided for discussion/entertainment purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities.
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