Direxion Daily Junior Gold Miners Index Bear 3X Shares (JDST)

[Bruce A Thompson]

It is not wise to expect

multidollar moves in a 10 share holding of an index stock.

To be holding 10 shares of a $17 stock means you have to make $2 just to make the in out commission and break even.

Happened today when JDST was @ $21 but you didn't sell because you are still upside down and you are afraid to lose money.

You could have sold JDST @ $21 and netted $190 which would have bought you 60 shares of JNUG with cash left in the account. That trade which would have put you up $30 for the day right now or 15.78%.

If you are going to trade, then you must ask yourself if you would buy the stock you are holding. Right now at this price?

If the answer is no then sell it and either wait for your new entry point or buy something else. You only want to achieve right at a bigger number of times than wrong. Nobody is pervect. CowBoe wasn't right two out of the three buys he posted. But he made enough $ on the one to make a profit. As it is, he is mostly cash ready to make another trade.

All of that being said, trading with only $300 is just plain wrong. There is no way for you to make money.