Steve Felix
>>My 401k is another story. I have no way to go short
in it,but plan to roll it into an IRA next year and
do want to protect what I have there. Hmmmmm.... <<
Lakeoffice is an excellent source of IRA information...
he teaches his students how to trade within their IRA.
Something to consider would be Exchange Traded Funds.
Like ordinary index funds, ETFs have very low expenses and
offer few ways the big boys can cheat.
* ETFs trade like stocks so you can buy or sell during the day.
* ETFs are tax efficient
* Quite liquid - narrow bid/ask spread
* Can be sold short
* Marginable
* Frequently trade aftermarket on ECNs
You'll need to open a brokerage account and you'll
pay commissions - typically $15-20 depending upon the broker.
If you're interested in following sectors, you could go long
hot sectors and short the cold ones.
So you could have been long IGW:
stockcharts.com[l,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G
Or long SPY:
stockcharts.com[l,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G
And short LQD:
stockcharts.com[l,a]daclyyay[dd][pb50!b200][vc60][iUb14!La12,26,9]&pref=G |
