Beginners question on Dow Jones Rolling Daily

[trad3x]

Hi, Just wanting to clear up something that seems a bit too good to be true..

As the name would imply and based on some play with a demo account, The Dow Jones Rolling Daily doesn't seem to have an expiry date, which means that even if i'm down based on a bet that i've made on the dow going up, i can basically wait it out a few days/weeks until it gets back above base level, correct?

Thanks

 

[ha0dho]

Hi, Just wanting to clear up something that seems a bit too good to be true..

As the name would imply and based on some play with a demo account, The Dow Jones Rolling Daily doesn't seem to have an expiry date, which means that even if i'm down based on a bet that i've made on the dow going up, i can basically wait it out a few days/weeks until it gets back above base level, correct?

Thanks

Correct but......... You might want to cut your losses.

 

[trad3x]

Correct but......... You might want to cut your losses.

What with the current volatility of the dow, i've racked up a few grand on the demo with the strategy of waiting for a triple digit crash and getting in before the seemingly inevitable rebound, taking away profits for the next time.

Surely it can't be this easy irl?

 

[ha0dho]

If u have to wait weeks like u say in ur first post u r eventually going to take a massive loss. Me thinks

 

[ha0dho]

Actually i dont know if I understand, whats the exact ins and outs of ur method do have any stop loss and r u willing to wait for the dow to move so far agianst u hoping for it to move u back into profit?

 

[Ross Spur]

What with the current volatility of the dow, i've racked up a few grand on the demo with the strategy of waiting for a triple digit crash and getting in before the seemingly inevitable rebound, taking away profits for the next time.


That's not really a strategy.

Surely it can't be this easy irl?

No.