Direxion Daily Gold Miners Bull 2X (NUGT)

[THall]

No its works 100% of the time with NUGT. Look back at the last 10 days of trading. Same pattern everyday. Buy after opening bell and sell pre market.

Has no more risk than buying and holding long. The only difference is daily returns are made instead of dead money doing nothing.

As the price goes up or down just buy the dips and set a trailing stop loss. Sit back and rake the chips. If it goes down then you hit your stop loss no big deal. If it goes up then your trailing stop travels with the price. Very little risk trading this way. And by no means can it lead to catastrophic losses with a trailing stop loss in place. Even if holding long its a very good idea to use a stop loss so I fail to understand how catastrophic losses can be made with this way of trading.


No Chart
No Gold
No Dollar

No joke.

And that will lead to catastrophic losses doing that way of trading