Direxion Daily Gold Miners Bull 2X (NUGT)

[weazelboy]

Agree. I'm not surprised in the least that the moment I sell...it starts to ignore the pattern it's had for almost every day for 4 months. That's par for my course.

Also agree there is no way you can exact hit highs/lows when swing trading. I was not going to watch a $12k+ intraday gain disappear for the 3rd time in 4 trading sessions. Clearly, hindsight is 20/20 and holding a bit longer was warranted. However, where I sold is exactly where it rolled over the last several days.

GDX currently way extended on a 5 minute chart. Looks like it will give one more high a whirl, but not sure it can hold on much longer without fading a bit? Like you, I am back swing trading both sides until something suggests otherwise...looking for multiple base hits rather than a single grand slam. GL!

PS - it's going to get an opportunity to do one of its infamous "straight down through a rising 50" on this chart in a bit too...