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Let's Talk About Scalping For Profits

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August 20, 2010 – Comments (0) | RELATED TICKERS: TZA , SSO , SDS

If you have been reading my morning trading plans, or if you follow me on twitter, you will notice that I mention a lot about how I will "scalp" various ETF's throughout the day. While I am a swing-trader primarily, on the side I like to scalp a few of the ETF's I am familiar with, mainly those pegged against an index.

The ETF's that I typically use for scalping are those from the S&P such as SPY, SDS, and SSO - the latter two of which, are 2x Ultras. I will also keep an eye on the Russell 3x Ultras like TZA and TNA. I really don't have a preference between 1x, 2x or 3x, but I do tend to lean more towards the 2x because 3x can move sometimes faster than I can get the order in for and 2x doesn't require that I commit as much capital to the trade as a 1x like SPY or QQQQ.

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