KEEP IT SIMPLE TRADING / Profunds Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : KEEP IT SIMPLE TRADING / Profunds

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: anon.10 who wrote (63)	2/9/2004 2:53:08 PM
From: mistermj	of 177

Many brokers allow trading with Profunds mutual funds.Rydex is a similar family to Profunds which should be explored as well. The problem with many brokers is the fact they don't like short term mutual fund trading which is why its best to go directly with Profunds or Rydex. However, then you also have to meet minimum requirements...$15,000 for Profunds and $25,000 for Rydex. I'm not sure about Ameritrade...even if they allow short term trading you have to be wary of fees and fund clearing issues. I've heard that Scottrade allows short term trading of Profunds and Rydex without fees and only a $5000 min. on opening an account. I will call Scottrade and Ameritrade and find out what the facts are and report back to this thread. It should also be noted that ETF's and ishares can be replaced for much of what I do here with Profunds, as long as it corresponds to the same index. You would then have the advantage of being able to buy through most brokers like any stock transaction and be able to sell intraday.You would be losing the "no brokerage fee" aspect and leverage that is available with Profunds.Profunds also has inverse funds which are in effect like placing a short on an index. The main advantage to the inverse funds is that they open up the "shorting" aspect to an IRA and for my short term momentum trades I have a lot more signals to trade by having the inverse fund option. I hope that answers your questions...it can be a little confusing what I am trying to do here but it is a very unique system that has advantages for many people IMO. Feel free to keep asking questions...I'll keep leading you through it. To review...in a nutshell ...we are placing short term trades based on momentum. We have 47 different funds to choose from which represent a large cross section of indexes, industry,and technology.We look for the best set ups out of that group and trade them. Reviewing the 47 Profunds may help you get a handle on it. We can trade everything from going short bonds to going long semiconductors with 150% leverage...to going long and short the major indexes with 200%leverage.We have a lot of opportunities each week.Take a look: profunds.com Because we are using leverage we keep the trades very short.If we can keep predicting momentum trades there is no need to hold. We take our one and two day scalps and look for the next best signal.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next