Hi everyone, i am new to the TK community.  My trading style is guessing the general market direction on whether it's going to be a up or a down day in the Dow Jones industrial, Nasdaq,  S&P 500, and etc.   The most common ETFs I trade upon are DIA, SPY, FXI, EZA, and SDS.  If you have the same interest in ETF trading, please join and post here your ideas and trades so we can all improve our trades and profitability. 

I closed out my QQQQ puts early afternoon, after missing the the morning high price. Then the market dove in the afternoon. I could have made a much better profit. I also sold XLF puts for way to small a profit as they also rose in value late afternoon. When the QQQQ lost a dollar I bought into March calls because I believe we will see a bounce somewhere in this mess, but I believe we are heading down. For Monday I'm thinking OTM April puts on the QQQQ and XLF. If I had kept to my strategy of very CHEAP OTM calls/puts my profits wwould have been better. I think just about any April puts should pay off short term. Got any ideas?

I'm watching to see what employment # is tomorrow. If it's good it may be an opportunity to get into some more puts. I'm tempted to make my first buy in SPY, if the day looks like I can get in and out of it. ITM XLF puts (April or later) are money in the bank. I have found out that to get in and out quickly I need to buy the ITM puts.  It seems to take to long to get in and out of the less liquid ETFs because of the wide spreads. I thought the XLF might have to drop to $0 today in order to scalp a profit on my OTM puts. ITM QQQQ calls are tempting for a very quick trade. Any opinions/suggestions?