A Daytrading System for Trading QQQ

[leekramer]

I've been trading the QQQ's for a long time. With the QQQ's you get no earnings surprises (up or down; no analyst upgrades, downgrades, sidegrades...no silly tatgets; No "bad" news typically posted by companies after the bell or after 4:00 on Friday; no CEO's absconding with company funds and a secretary or two to RIO; no "accounting irregularities" with multi-point down gaps; no FBI breaking down the doors.

But one quick thought; I take initial wonder at the notion of wating for 90 minutes after the open. I generally wait for the first 20-30 minutes (or more if necessary) to detect a discernible trend, up or down.

I just came upon your site, will read your philosophy carefully and, if I can offer an occasaional post of value...I'll certainly do so.

An aside; I'm a daytrader and a moderator in a well known trading room.