Originally Posted by
DAL 88 Driver
Thanks, orvil. Glad I could help!
Hey, I am a little surprised about the "triple beta etf's" as Snider positions, but I'm glad it's working out for you. I'd like to know more about what you're doing. I've always stuck to Snider's rules because I trust them. But hey, you invented the airplane, so I wouldn't put it past you to invent an improved way to pick Snider Method positions!
Indeed, I did invent the airplane. Now, if I could just learn to fly it.
Try using TNA, triple beta bullish Russell Index and ERX, triple beta bullish oil and oil services. Because they are triple beta with higher volatilities, the farther out strikes will have good activity. Be sure to use limit orders. I only do the bullish and never do the bearish. The spreads can be wide.
I've been making a killing with these two. I may do SSO next month, double beta S&P 500.
As you know, Kim uses ETF's in smaller accounts. This eliminates bankruptcy risk. Use the standard allocation and trading rules. By using the double and triple beta etf's in conjunction with standard Snider trading rules, you get the best of both worlds.