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Rank: Advanced Member
Joined: 6/15/2008
Posts: 240
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Moxie in Hershey:
I left out a step because I forgot people don't know the web site as I do. I modified the instructions above to read:
You can find by going to screener, click on industry and drop down the menu to etf's. Click on performance and then click the price percent gain for the month until they are green. You now have the biggest gain etfs starting with the biggest percent.
You were probably looking at the gains for the day because I left out clicking on performance. You can be blond and a newbie and still make money in this terrible market, but be wary of my warnings.
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Rank: Advanced Member
Joined: 6/15/2008
Posts: 240
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Here is the link that Moxie ask for: http://finviz.com/screener.ashx?v=141&f=ind_exchangetradedfund&ft=1&ta=1&p=d&o=-perf4w&r=1There are 63 etfs over 10% up for the month. Any opinions on what you see? I have been writing about these since September 5 and if this is the first time you are seeing this than I don't know how to communicate. I tried to help all of you understand this pot of gold that has a rainbow over it. Remember to look at my warnings because if the market goes up big, you lose bigger. See my warnings. The Fed meeting is Tuesday and Wednesday and they will announce a most likely 1/4 to 1/2 point rate cut so you may see a bounce in the market in the next few days in anticipation of that. Hedge funds will sell into that because their customers are screaming to get out so they are liquidating into the bounces so it probably will continue to be volatile or the buys may exceed sellers and the market may go up. Be careful in buying any of these before you get a feel for which way the market is going. Hey, no one said this was easy, but lately there's been a lot more downers than ups and that's the way to make money.
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Rank: Advanced Member
Joined: 7/14/2008
Posts: 34
Location: California
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Hey Stockman....Really like your strategies..thanks.
Simple Living High Thinking
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Rank: Advanced Member
Joined: 6/15/2008
Posts: 240
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wilfee@yahoo.com: Thanks for the comment. I thought I was the only one making money and no one seemed to acknowledge this looked feasible.
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Rank: Newbie
Joined: 10/27/2008
Posts: 3
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stockman wrote:You can benefit in this market by going to etf's on Finviz. You can find by going to screener, click on industry and drop down the menu to etf's. Click on performance and then click the price percent gain for the month until they are green. You now have the biggest gain etfs starting with the biggest percent. The first page will show as of today, Sunday, 10/26, twenty of the best performing ones out of 819 etf's. They go from srs with a gain of 126% to ssg which is up 74%. You are looking at not only the best performing etf's, but also better than any group of twenty stocks in the world. If that doesn't make you drool, nothing will.
Hi stockman, When i have the biggest gain etfs starting with the biggest percent. What do i have to do then? Is it these etf that i have to short? Can you clarify this for a newbie? thnx :)
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Rank: Advanced Member
Joined: 6/15/2008
Posts: 240
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[/quote]
Hi stockman,
When i have the biggest gain etfs starting with the biggest percent.
What do i have to do then?
Is it these etf that i have to short?
Can you clarify this for a newbie?
thnx :)[/quote]
Fred:
Before I answer your question, I want to caution you not to buy any of these before we see the market reaction to the Fed interest cut tomorrow.. I am expecting a rally and these bear etf's go down when the market goes up so by owning these, you are betting that the market will go down. For example, my biggest holding is smn which is a combination of companies representing UltraShort Basic Materials ProShare. Ultra means double the gain or loss of the stock price of this group. I do not short these, but I buy x number just like a stock and the price constantly changes like a stock. If you own 100 shares of smn and it goes up or down 10 points in a day, you are either up or down $1,000 like a stock. Ultra in the description means it moves twice as fast as the underlying stocks.
In this market, you need a stomach that is strong because you can be up 10 points and down the same in a matter of minutes. My smn went from up 5 to up 15 in the last 10 minutes today. If you don't want an etf that moves that fast, pick one that doesn't say ultra. I pick the top performing ones for the month because those are the underlying stocks that are being sold the most. Start with a small number of shares at first to get a feel for the price moves. Remember, you want the market to go down because than you go up. The reason you saw all the green gains is because this is one of the worst bear markets so these percent gains are big.
I am planning to watch the market movement tomorrow and hoping that it will be up in anticipation of the interest rate cut announcement in the afternoon. That is usually what happens on a interest reduction release, but this is not a typical acting market so anything could happen. As the market goes up, the bear etf's price goes down so if I see the rally start to fade, I will buy more etf's. There is no guarantee that it will keep going down so I could buy and the market turns and up and I lost money for the day.
You could end up down for the day, but if you feel like the market will continue in the short term to go down in the next week or month, you will make money by holding these. That is why on September 5th, I started this thread suggesting that people start watching these because I felt the market would go down and the Dow has gone down from 11,222 to 8,176 today. I have owned these for 3000 points. You are probably thinking what is my opinion going forward. I think we are overdue for a bear rally and this interest rate cut might start that. I sold some of my etf's at close today in anticipation of that. If I see a big rally in the morning, I will sell the rest. I will watch if there is a rally for it to reverse because the bear etf's went down during the rally and I will buy at a lower price and as the market starts going down, my newly purchased etf's will go up and I will make money.
After the next rally which could last an hour or a month, I think the market will go lower. There are so many problems in the world economy that no combined effort by all the governments in the world can stop this market from getting worse. Let me know if you have any other questions.
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Rank: Advanced Member
Joined: 8/14/2008
Posts: 314
Location: Memphis
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Quote:Before I answer your question, I want to caution you not to buy any of these before we see the market reaction to the Fed interest cut tomorrow..
stockman,
The FOMC meeting begins tomorrow.
The announcement of how much the Fed will cut interest rates doesn't come out until 2:15pm ET on Wednesday...
Check the Economic Calendar to see when the important reports are scheduled for:
http://www.bloomberg.com/markets/ecalendar/index.html
Also...I have decided not to start any 'Collaborate' boards myself, and I don't intend to join any either.
I just don't have the time for that, and anything I post should be on the public boards for all to see.
Thanks for the invitation to your board anyway...
Happy Trading,
zz
 www.stock-market-lessons.com
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Rank: Member
Joined: 9/10/2008
Posts: 18
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After the next rally which could last an hour or a month, I think the market will go lower. There are so many problems in the world economy that no combined effort by all the governments in the world can stop this market from getting worse. Let me know if you have any other questions.[/quote] I agree that the bear rally should occur, but if a hedge fund decides that he needs to sell that day - it may be a bear flatline. I think that stepping in before the bear rally or side-step with new money is tough, as short interest in the NYSE is up to a near record 7% and the potential short squeeze is steep - like the 10% gain on Oct 13th.
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Rank: Newbie
Joined: 10/27/2008
Posts: 3
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Thank you very much Stockman :) Now i began to understand, you explained it very well, much appreciated. Like you said, today was not a good day to buy these etf's, i'm curious what will happen tomorrow. stockman wrote:
I suggest if you agree that there may be an opportunity here, you start with small dollars and you go in knowing you could lose 10% or more in a day. You need some stops that will frustrate you when they sell and reverse higher, but you will be preserving capital which is rule number 1. May we all make money faster.
Can i ask which broker you have is and if you do know an broker where you can have a demo account? Because i want to try it, but first on demo or like you said with small dollars regards
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Rank: Advanced Member
Joined: 6/22/2008
Posts: 51
Location: Santa Clara
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fred wrote:
Can i ask which broker you have is and if you do know an broker where you can have a demo account?
Because i want to try it, but first on demo or like you said with small dollars
regards
As for demo account, you could try www.thinkorswim.com. But if you are new to trading, I suggest you stay away from that platform, as I feel its too complicated for a beginner. If you want to play along and have fun trading, here's 3 sites that I have used in the past. http://www.wallstreetsurvivor.com http://vse.marketwatch.com www.howthemarketworks.com Most of these sites may not have accurate quotes, so your wins and losses may not reflect the actual. But its a good way to start getting your feet wet. There are many more, search on Google for Virtual Stock Exchange. You get hundreds of hits. -netbacker
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