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Stocks & Commodities V. 30:6 (50): Q&A by Don Bright
Stocks & Commodities V. 30:6 (50): Q&A by Don Bright
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Q&A by Don Bright
UNEQUAL CREATION
I have been watching various exchange traded funds (ETFs) and exchange traded notes (ETNs) during the day and have found that I need to keep them overnight since Im still bullish, but they did not go my way. I have read from Direxion that leveraged ETFs are made for daytrading only. What are your feelings about standard ETFs and especially ETNs? RonJMemphis
Good questions, and I can start out by saying Stop stop keeping any of these products overnight until you understand much better how they work. And by the way, because something goes against you is not a reason to keep it overnight. Traders need to find an actual edge in their trading, even their directional trading, especially when keeping overnight. I asked Rob Friesen, my resident expert on pairs and derivates, to chime in on this question. Friesen is a trader/member and has been a manager for Bright Trading for more than 14 years. He also manages www.pairtrader.com for equity pair traders. His reply:
UNEQUAL CREATION
I have been watching various exchange traded funds (ETFs) and exchange traded notes (ETNs) during the day and have found that I need to keep them overnight since Im still bullish, but they did not go my way. I have read from Direxion that leveraged ETFs are made for daytrading only. What are your feelings about standard ETFs and especially ETNs? RonJMemphis
Good questions, and I can start out by saying Stop stop keeping any of these products overnight until you understand much better how they work. And by the way, because something goes against you is not a reason to keep it overnight. Traders need to find an actual edge in their trading, even their directional trading, especially when keeping overnight. I asked Rob Friesen, my resident expert on pairs and derivates, to chime in on this question. Friesen is a trader/member and has been a manager for Bright Trading for more than 14 years. He also manages www.pairtrader.com for equity pair traders. His reply:
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