Bigworld, >>> Higher Beta <<<
For the bullish side, I've been thinking of trading the SSO (enhanced 2X long SPY) instead of the SPY. Or alternately, to avoid the daily 'reset' problem, for the bullish side one could short the SDS (enhanced 2x short SPY).
Going to other sectors in order to get a higher beta, as you are doing (Steel, Jr Gold, etc), adds another layer of uncertainty and complexity, since those sectors have dynamics of their own at any given time. And you still have to follow the SPY/overall market closely anyway. I figure trading the enhanced 2X ETF will simplify things, and with the 2X feature you can get a sufficiently high Beta.
Any thoughts on this strategy?
