http://www.finviz.com/ is a great website. The news portion aggregates the other websites and blogs for the latest posts. One of the sites is http://finance.yahoo.com/news. Here is a useless headline "Five ETFs to Watch This Week". The target audience is the retail crowd in which can only go long and does not know how to trade. I read the article as we want you to watch these ETF's, react to a price spike and buy. There is no plan. There is not target price to enter. There is not OCO bracket order (one cancels the other) which defines your risk as once your order is filled, you will either be stopped out or your profit target hit. Regardless, your equity broker wins with the commissions.
Tuesday, January 3, 2012
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