Pellicano Articles
Download this 52 page ETF Trading Guide by Bill Poulos FREE. Give RISK FREE Trial to Forex Auto Advisor from Josh Harringlya whiz kid London trader that can be used by anyone even those who have never traded forex before. Master these Candlestick Patterns with this 82 page FREE Candlestick Guide and download the DecisionBar Trading Software just now! Les Schwartz: This is the second in a series of articles designed to help those of you trading in your IRAs to trade like pros. While the charts use my DecisionBar software to illustrate certain points, the concepts discussed are universal. They work for stocks, futures, forex or any true market. Also, keep in mind that these concepts are just as valid for day traders as they are for those in longer term trades. The only difference is that day traders must also think in terms of the time left in their trading session when evaluating trades.
We all know that you can’t go short in an IRA. What many people don’t know is that there are certain Exchange Traded Funds (ETFs) that are designed to rise and fall inversely to the rise and fall of the market, index or sector they represent. There are even ETFs and Bear ETFs for currencies. These “Bear ETFs” can be traded and analyzed just like stocks. Just as the QQQQ is an ETF that tracks the movement of the Nasdaq 100, PSQ is an ETF that moves inversely to the QQQQ.
QID is an UltraShort ETF that is designed to move inversely to the Nasdaq 100 by a ratio of two to one. In other words it is designed to move twice as fast as the QQQQ, but in the opposite direction (on a daily basis). Learn how DecisionBar Trading Software can help you “Map Out Your Trades” and keep you on the right side of the market. Here are some popular Bear ETFs provided by ProShare. Be sure to learn the advantages and pitfalls of trading inverse ETFs before risking your money.
Short & UltraShort MarketCap ETFs:
ETF NameTickerBenchmark Index
Short QQQPSQNasdaq-100
Short Dow 30DOGDJIA
Short S&P 500SHS&P 500
Short MidCap400MYYS&P MidCap 400
Short SmallCap600SBBS&P SmallCap 600
Short Russell2000RWMRussell 2000
UltraShort QQQQIDNasdaq-100
UltraShort Dow 30DXDDJIA
UltraShort S&P 500SDSS&P 500
UltraShort MidCap400MZZS&P MidCap 400
UltraShort SmallCap600SDDS&P SmallCap 600
UltraShort Russell2000TWMRussell 2000
UltraShort Style:
ETF NameTickerBenchmark Index
UltraShort Russell1000 ValueSJFRussell 1000 Value
UltraShort Russell1000 GrowthSFKRussell 1000 Growth
UltraShort Russell MidCap ValueSJLRussell MidCap Value
UltraShort Russell MidCap GrowthSDKRussell MidCap Growth
UltraShort Russell2000 ValueSJHRussell 2000 Value
UltraShort Russell2000 GrowthSKKRussell 2000 Growth
UltraShort Sector:
ETF NameTickerBenchmark Index
UltraShort Basic MaterialsSMNDow Jones U.S. Basic Materials
UltraShort Consumer GoodsSZKDow Jones U.S. Consumer Goods
UltraShort Consumer ServicesSCCDow Jones U.S. Consumer Services
UltraShort FinancialsSKFDow Jones U.S. Financials
UltraShort Health CareRXDDow Jones U.S. Health Care
UltraShort IndustrialsSIJDow Jones U.S. Industrials
UltraShort Real EstateSRSDow Jones U.S. Real Estate
UltraShort SemiconductorsSSGDow Jones U.S. Semiconductors
UltraShort Oil & GasDUGDow Jones U.S. Oil & Gas
UltraShort TechnologyREWDow Jones U.S. Technology
UltraShort UtilitiesSDPDow Jones U.S. Utilities
Currencies:
ETF NameTickerBenchmark Index
UltraShort EuroEUO200% Inverse of EURUSD
UltraShort YenYCS200% Inverse of JPYUSD
Tags: etf, etfs, inverse etfs, ira, shorting ira
Posted in Retirement · May 2nd, 2010 · Comments (0)
Many seniors face the continuous problem of making ends meet and stretching every last dollar are far as it will go. While searching for the next best deal is a compelling need for some, others find the pursuit a great way to pass the time and exciting when extraordinary deals are discovered. Seniors
One strategy that is catching fire for seniors is bidding for retailer gift cards on specialized auction oriented internet sites known as “penny auctions”. The label has persisted because bids for the cards typical escalate in 1 penny increments.
What does this mean? Retirement Income
It means you may win the bidding for a $50 credit card for just a few dollars. Or a $50 gift card to your local grocery store chain for $15. You can select the type of card you wish to bid for and each auction lasts 1 hour in most cases. The savings for seniors can be substantial but you must be aware of a couple of key risks.
First, you may be wondering how the auction makes its money from the deal. With more than 100 auction sites competing, there must be some cash in there somewhere. You are right, and it comes in the form of participation fees.
To participate as a bidder, you must first pay a fee. For example to participate on DFWbid.com, each player must pay $2.99 to get in the game. Then some charge a pre-paid bidding fee such as $1.00 per bid (pre-paid) and if you win you will be charged for shipping in most cases. On the DFWbid.com site you pay the $2.99 entry fee and then a $4.99 fee if you win to cover postage.
This may not seem like much incentive to start an auction business but you must understand the business model. The auction wins if it can successfully attract a large number of bidders. For one Visa card, you may have 50 to 60 people bidding for the card each buying into the auction which translates into some good revenue when multiplied across hundreds of daily auctions.
What are the cautions?
Always check out the background and reputation of the auction site you are considering. The first concern is that you get the card that you bid for with the correct funding on the card. For this reason alone, you should always use a credit card for your purchases so that you can charge back the item if it doesn’t arrive or is junk.
Also, because the risks are low, there are reports of shill bidding where phony bidders drive up the prices of items being offered. This tactic happens more frequently on auction sites that charge a per bid fee because it drives revenue to the website.
Finally, like anything in life, what starts out as a way to save money and stretch the dollar turns into an addiction of sorts and ends up costing you much more than you bargained for so decide in advance what you want and what you are willing to pay. And then only buy items you really can use. Senior Living
For those wishing to explore this new avenue, some of the leading sites to check out are:
• DFWbid.com
• BidCactus.com
• Haggle.com
• Beezid.com
• Swoopo.com
For more than 20 years, Karl Edmunds has been a noted author within the business and management consulting arena. As a senior, he now engages his curiosity and observations about life to write about key issues of importance to the growing community of seniors (Boomers), and the value of living life to the fullest every single day. Give me your comments and suggests at http://Plan-Retirement.org or http://For-Seniors.org
Tags: Elders, Retirement, senior living, seniors
Posted in Retirement · April 19th, 2010 · Comments (0)