My Strategy - Trading SPY ETF

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Old Aug 6, 2007, 10:43pm   #1
 
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My Strategy - Trading SPY ETF

Ok, I'm pretty new to investing and I thought I would run this by a few of you guys to see what you think.

I have some money to invest, so I'm going to open an account at Zecco.com and try this strategy.

I want to trade the SPY (S&p 500 ETF). I don't have the time to day trade, but I do have time to check it maybe a few times a day. So I want to use a trailing stop order. I was thinking about making the trailing stop order for half a percent. So if it drops more than half a percent, it will take me out and I can check out what is going on with the markets and buy back in the same way when I'm ready.

I guess this is like a long term strategy, but I will manage and watch it at least 2 times a day. It should allow me to ride the ups and stay out of the downs.

I have two questions though:

Do you think half a percent is a good trailing stop amount? Do you think that will be hit way to often or is that pretty good? What about 3/4%?

Today was a really good day on the market so I looked at the percentage gains. The S&P 500 Index was up 2.42%, but the SPY ETF was only up 1.68%. Why is that so far off the S&P 500 index? Is there anything that tracks it closer?


Edit: Also, I know the markets are going a little crazy right now with the credit problems and all, so I'm going to wait until things calm down and the volatility isn't as bad to try this strategy.

Last edited by R3p1v; Aug 6, 2007 at 10:57pm.
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Old Jun 24, 2012, 11:26pm   #2
 
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Re: My Strategy - Trading SPY ETF

old post why is there no delete on this board
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