As a day trade, switching from XLB to XLK yesterday would have grossed +0.25% (XLK did 0.82% from open to close, XLB did 0.57%). Is there a way to efficiently day trade this swap? (i.e. in lieu of executing 2 trades at the open and the opposite 2 trades at the close)?
I've been doing just that over these past whipsaws. I had just enough time to make the trade myself, but there was no way to notify anyone else in time.
I always post any changes visible at 3:45 -- which gives folks enough time to swap out before the close, but anything after that is only time enough for my own trade.
So far I've been picking up a few bucks on each of these whipsaws. Kind of makes up for the annoyance...
As a day trade, switching from XLB to XLK yesterday would have grossed +0.25% (XLK did 0.82% from open to close, XLB did 0.57%). Is there a way to efficiently day trade this swap? (i.e. in lieu of executing 2 trades at the open and the opposite 2 trades at the close)?
ReplyDeleteI've been doing just that over these past whipsaws. I had just enough time to make the trade myself, but there was no way to notify anyone else in time.
ReplyDeleteI always post any changes visible at 3:45 -- which gives folks enough time to swap out before the close, but anything after that is only time enough for my own trade.
So far I've been picking up a few bucks on each of these whipsaws. Kind of makes up for the annoyance...