Hedgeye Podcasts Hedgeye NexGen | Episode 32 | How to Trade ETFs
Mar 1, 2026
Eric, a Hedgeye producer opening his first brokerage account, asks practical questions as he learns. Ryan walks him through choosing a broker, cash-sweep options, and placing an ETF trade. They cover order types, quote data, liquidity, NAV vs price, fees, and how to pick ETFs and size positions for beginners.
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Use Brokerage Money Market Instead Of Bank Savings
- Open a brokerage with a money-market default to park cash instead of a low-yield bank savings account.
- Ryan shows Fidelity's SPAX money-market yields ~3.3% and recommends using it as your new savings account for liquidity and higher yield.
ETFs Trade Intraday While Mutual Funds Price Daily
- ETFs trade intraday like stocks while mutual funds only price once daily, making ETFs more flexible.
- Ryan contrasts mutual fund end-of-day trading, minimums and higher fees with ETFs' intraday liquidity and lower expense ratios.
Prefer Limit Orders To Avoid Bad Execution
- Prefer limit orders over market orders to avoid execution at worse prices.
- Ryan always uses limit orders (set at displayed price) to prevent potential slippage or brokers routing you to worse fills.
