Direxion Daily Gold Miners Bull 2X (NUGT)

[ReservedRisk]

You haven't proven anything.

I've already previously proven is simply not true

I hold stuff unless it goes to where I bought, or I'll let it go about 5% beneath where I bought, any further I sell. Then if I feel it has potential I will repurchase when I feel a bottom is in. There are very rare occasions where I will avg down, but it has to be right.

goes directly against what the prospectus tells you it is for. It says in the first paragraph it is a TRADING vehicle meant for certain 'potential' returns on a DAILY basis

Just because someone says an item is used for only one thing doesn't mean you can't use it for something else if it works.

There's no rules. Chartist, fed, algorithms, and the ppl that believe in them have ruined the market in my opinion.

Reverse splits are inevitable on a leveraged ETF with the underlying asset trending down for 7 years..

$NUGT has only existed since 2011. That is right when gold started into a 7 year consolidation.

What happens when gold doesn't recede.

Everyone just assumes gold only goes down. Well when big money turns the market, like its begun to do, what happens to a leveraged $GOLD miner etf..? Forward splits? Not likely, but it's possible.



I know a serious run is coming here. If you can't see it, idk what to tell you.

Yes, I understand the fundamentals behind what make up this leveraged ETF, and make it have a negative bias. IF the demand that I know is coming, this won't matter in the slightest.

I think we trade WAY different then each other and it annoys the sh!t out of the both of us.

But I'm right you're WRONG. ;^)

You gotta admit I was right on the ISM and golds move at the EOY. Just thought miners would have more confidence by now. Soon.