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With Thinkorswim platform, we are talking about purchasing units with very low commission. US$5 for 100 unit (I can't remember the exact units, you have to check it out urself).
Now, there are some stocks that are quite resistant to economy shocks such as commodities, inverse stocks, etc... won't go into that.
I purchase ETFs related to Oil, crude Oil to be exact. When oil prices go up, i stay in stock. When it goes down, I purchase in say, $1k for every 1% down in the ETF. let's say it goes down 10%, you can say I have put in $10k.
Granted, taking into consideration that the Oil prices are also in danger of correction. But I shall take comfort in that the prices have already been corrected in the previous crisis. Perhaps there's another correction, big time, that is looming, but that's where we gauge our reward-risk ration. Plunge in if you think it's safe, or otherwise not.
In time, oil prices goes back and forth, and there's where our dollar averaging and take profits come in. I choose to take partial profit when it hits the supposed resistance line and there, I let the stakes remain in force.
Now, the danger is selecting the correct ETF and again, the platform broker - Thinkorswim. I choose this because they have an office in Singapore just recently, and at that, I can always say I have an outlet for me to bang office in case I need to.
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Dollar averaging on Oil ETFs, using Thinkorswim
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11-May 2012 Friday
11:32 PM (4369 days ago)
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