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In the past I concentrated on market direction and short-term INDEX OPTION trades, but I notice that there are many who are invested in just mutual funds looking for turning points.
Since JAN 21 we started keeping track of a HYPOTHETICAL ACCOUNT with an initial amount of $10,000. I decided to use the PROFUND FAMILY FUNDS since they concentrate on INDEX FUNDS moving in both directions, and they also have a feature where some of their funds produce about 1.8 times the move of the index.
We state the BUY and SELL orders no later than 3:45pm on our website, so to give a realistic TRADING ACCOUNT, in order to accurately judge performance.
The concentration of this thread will not be the quick option trade, but will concentrate on SWING-TRADEs in both directions which are slower but more suited for trading MUTUAL FUNDS.
Of course we will still concentrate on market/sector rotation, but request that there is no discussion of individual stocks unless it may effect the direction of the market, such as the BELLWEATHERs.
I also hope to discuss mutual fund trading strategies such a hedges.
Within the last 10 trading days, as of today FEB 4, we have completed 5 trades, with the average return of 8.7% per trade. However, that does not accurately reflect how the actual account is doing since we have not used more than 25% of the capital in any one direction so far.
Hope we can get cordial and good discussion on MARKET DIRECTION with relation to TIMING the TRADES on INDEX MUTUAL FUNDS.
seeya, Donald Sew
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