so part of your core trading earnings includes trading a fixed participation in the QQQQ's? that's good, as they are the hardest to manipulate as in being a major player able to influence the movement in the stock. SMH, XLE, (DIA, SPY to a lessor extent), IWM and a few other ETF's also provide that same cushion for trades. actually, its good to let others know this so that more participation makes these vehicles more liquid.
yup, the zero manipulation factor is important. the way i see it, the intrinsic value of the underlying quad Q components will (should) prevent it from ever crashing or doing irreparable harm to my account. that's why i can freely sling 1,000+ share lots of them while not having the cajones to trade other equities with such confidence. i always have a minimum of 500 Q's in my account overnight, and as much as 3,000. if 9/11 only gapped it down 3 points, and it eclipsed it's 9/10 high a month later, i'll never have any fear holding a huge underwater lot. i'll just continue scalping cheaper positions until it returns. of course being that i should always expect the unexpected, i always hold some Q puts on a portion of my longs. i never exercise them, tho.. i just sell them to hedge the temporary long Q drawdowns.
LU just did not cooperate today. although I made some money on AVR rebating today and a little on LU. It was a sucky as$ day
I made 800 on AVR rebates, just a crappy afternoon for me. LU was in such a tight range all afternoon.
i saw some volume when I sat down this afternoon on it. Saw a chance to make some rebate money, thats all
now that was a fun 3 o'clock rally. that GS trade wasn't so bad after all. it ran 90 cents against me, then came right back a half hour later. 10,700 shares traded.
I downloaded and funded a fulltiltpoker account to try and learn some poker, yeah I am completely addicted to it----figures. If you are on there I am tdatrade I have been playing the 25/50 cent games. lol