Direxion Daily Junior Gold Miners Index Bull 2X Shares (JNUG)

[THREE-DAY-TRADER]

You should've already had a stop-loss set long ago, but now that you're in the predicament you're in, you should base latest holding of JNUG on $1125 gold support needing to hold (last week's low).
It is really close to breaking that 1125 today in early morning.
If it breaks 1125, then much lower below 1100 toward 1050-1070 next levels would likely drop toward.
...so effectively have a stop-loss on JNUG based upon that.
Personally, I'd just sell now ASAP, but if you want to give it a chance, then see if 11125 Gold support holds. Otherwise sell JNUG if it breaks below $1125 gold support.

If the next levels lower on $GOLD occur under 1100 (along with strong $USD pressure that I've warned about since at least November). then you cold see JNUG at 2 and you'd then presumably be at even a much worse loss than now.

If you sell here based upon 1125 Gold needing to hold, you can always re-enter later (rather than continually losing money).
Right now pressure from lower gold along with leveraged decay are killing JNUG.
3.90 area in pre-market so far... yikes!! (Holy Decay Batman!!)

***Don't keep holding this if Gold breaks below 1125 support. Avoid being a chump like some of the others around here who are holding long term hoping for some sort of 'end-of-the-world' scenario to bail them out of their constant loss which gets worse everyday (and which don't listen to people like me everyday as JNUG keeps dropping).


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My post below about JNUG back in November:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=126779796
11/23/16
"Likely a bottom will form again by about January (or sooner), but it's too dangerous to try to determine or presume a bottom (as this could sink quite a bit yet from now thru January, etc.), & it wouldn't surprise me at all to see JNUG hit 4 or even 2 in coming weeks
But again--- It's great for intra-day trading or quick flipping, rather than excessive holding periods."

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