Direxion Daily Gold Miners Bull 2X (NUGT)

[dude iligence]

stingray113 all 3X leverage ETF's bleed about a quart of blood every hour. The Direxion ETF just happen to be some of the worst bleeders the only one I can think that is worse then Direxion is UVXY. Hold any 3X leveraged Steriod Munching Decay/Dilution Pig in a sideways market and you can see the bleed/Decay/newly printed shares/dilution/loss of value.

That's not to say you can't make a killing trading these bad boys you simply Ride Em Hard And Put Em Away Wet. Kick their dead carcasses aside jump on their evil twin brother to do the same while the carcass swacks off 50-75% of its value and gets a new Nitrous Oxide refill and a hefty dose of Steroid injections for the next run