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I am Canadian. I trade Canadian mutual funds using core
trading techniques.
What is FT?
I do not understand why you group ETFs with mutual funds
rather than with stocks. Sure, an ETF is a basket of stocks like a mutual fund,
but, the similarity ends there. They can be traded like
stocks. Mutual funds on the other hand, at least in Canada, are valued only once
per day and therefore require a different trading approach (my
opinion).
All Canadian mutual funds have in their prospectus that they
can charge a 2% short term trading fee for holds less than 90 days. Is this
the same in the states? If so, how do you actively trade around a rule like
that?
David
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
<A title=no_reply@xxxxxxxxxxxxxxx
href="">frankphd_us
To: <A
title=equismetastock@xxxxxxxxxxxxxxx
href="">equismetastock@xxxxxxxxxxxxxxx
Sent: April 12, 2003 3:04 PM
Subject: [EquisMetaStock Group] Re:
Mutual Funds
And I thought I was the only guy trying to trade Mutual
Funds and ETFsusing MS. Most fundtimers and -traders use FT and are at
their -pay-forums.Somehow most gave me the impression, FT is more
appropriate for funds.You don`t want to teach, but any gross
indication which methods youprefer for funds (maybe different from
stocktrading) ?Regards --- In
equismetastock@xxxxxxxxxxxxxxx, "kelols" <kelols@xxxx> wrote:>
Hello Metastock junkies,> > Last year I started using Metastock.
I've been trading for a living > for a few years, and Metastock has
helped increase my trading > efficiency and productivity. I only trade
mutal funds and some ETFs.> > Yeah, Mutual Funds. All of the
traders I know who trade for a living > and not as a sideline, and I
know a lot of them, trade mainly mutual > funds and ETFs--regardless of
what they may say publicly. That's > where they get most of their
money--at least the ones I know who > aren't starving. When you go to a
party and people ask what you do > for a living and you tell them you
trade mutual funds, they think you > can make more money selling girl
scout cookies. I guess they feel > sorry for me. Oh well, what they
don't know won't hurt me!> > Anybody in this Metastock users
group trade mutual funds as their > primary trading focus? >
> I see lots of option traders and all kinds of futures traders and
> some stock traders. A lot of questions go around about options,
> futures, and some stocks. I haven't seen anything about mutual funds.
> I guess the gamblers like options better. It gets the adrenaline
> flowing. > > Let me know if there are any boy scouts
and old ladies out there that > have figured out why you can make more
money trading mutual funds > than you can make from all the other
stuff--and no I don't use > someone's email alert system or whatever.
> > By the way, there are mutual funds that specialize in
options trading > and futures trading. You can live vicariously through
them with a > whole lot less risk. > > If you trade
Mutual Funds, less exchange a little info. However, not > to be rude, I
don't want to teach someone how to trade mutual funds, > just to talk
to a few traders that I don't know who ARE trading > mutual funds.
> > JO> > I'm going to post this in the other
Metastock site also. So if you > think you've seen it twice--you
have!To
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