Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Genuinely, I'm sorry. This is what I was referring to yesterday, even if it came across the wrong way. These leveraged ETFs are a tough trade. Trust me, been in your shoes before. That's why I always try to encourage people to not get locked into an idea and just trade the profits...as they can disappear in an instant.

I learned the hard way, twice, with my own rose-colored glasses approach. Lost $60k+ each in 2 separate trades several years ago as I continued to average down cuz I "couldn't be wrong".

Needless to say, I have changed my ways...and fortunately, over the last 2 years...fully recovered those losses and then some by swing trading and booking profits (or quick to cut losses) rather than trying to hold leveraged ETFs for extended periods.

Wish you well...and obviously, I know you're rooting for my current position to be fruitful as well...since it benefits you too (see last post). Cheers!