Direxion Daily Gold Miners Bull 2X (NUGT)

[ShhBrad]

I agree with you on where gold is going. Just not sure how long it'll take to get there. I thought gold was going to hit $2,000 by 2012. Obviously, it reversed and sold off for nearly 5 years instead.

I wanted to get in NUGT in late January, but I was working full time and couldn't watch it. Should have taken a position anyway...and was even thinking that at the time. But NUGT has some pretty crazy intraday swings. I've done pretty well day and swing trading it with my tiny bankroll. No reason to belittle people who are doing it successfully. I follow ProfitSnatcher, and unless he's utterly lying about everything, he's doing really, really well for himself flipping for peanuts. It seems peanuts to you guys is several months salary for many people.

That being said, I can't imagine being up 340% on a position and not at least taking some profits. Why not sell 1/3 of you shares or something and day and swing trade NUGT around a core position?