Silicon Investor (SI) -- The First Internet Community

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 : Retirement - Now what? -- Ignore unavailable to you. Want to Upgrade?

To: Nazbuster who wrote (65)	11/10/2004 10:53:03 AM
From: Ken Adams	Respond to of 288

I tried your method with the Rydex Family of Funds. Numerous sectors available with them, as well as leveraged bull and bear funds. After nearly a year with this approach, I finally had to give it up as I found I was more often selling bottoms and buying tops. In the course of the year I lost some $3k. I closed that account and put the money into my trading account, more to park it somewhere than anything else. I draw a small interest there while I decide what to do with it. Meanwhile, I've gotten interested in trading the E-mini NQ contracts. When I can spend a full day of watching this market, I've been able to do 2-4 day trades and pull several hundred out of most trades. I'm not exposing much money here and I exit at the first sign of trouble. The first week of May I pulled some $15k out with this type of trading. I have to admit, I've never come close to repeating that good fortune since. I only want to trade like this one or two days a week to allow time to smell the flowers. But, I'm pretty consistently able to make $500 to $800 a week doing this. I don't suggest this for most retirees, however.