What I believe I am hearing is that we should use contigent orders for both entries and stops on related ETFs based on IWM?
You have a terrific trading system.
Bill
What I believe I am hearing is that we should use contigent orders for both entries and stops on related ETFs based on IWM?
You have a terrific trading system.
Bill
GGT Forum Manager
That would be the best strategy.Originally Posted by Bill Jagoe
Regards,
pgd
Pascal,
Just read the above discussion. The daily trailing stop for secondary/new entries of triple leverage ETFs is presented daily online. However, trailing stops for the days following that secondary/new entry are not presented and one has to calculate this oneself. I also understand that one has to use a 20D ATR ratio between the IWM and the leveraged ETF to make this calculation. However, is it possible for you to suggest how to, most precisely and most practically, identify these trailing stops on a daily basis for secondary entered leveraged ETFs?
Thx. Sorensen
Posting Permissions
Reply With Quote