Direxion Daily Gold Miners Bull 2X (NUGT)

[CowBoE]

Keep in mind that NUGT will lose 7% to 7.5% each month on
Contango erosion, which means if you hold it for 4 months,
value of NUGT will drop by 28% to 30%.

That means, NUGT will have to do better than 30% for you to profit,
which is a tough game. This is worse than any casino game odds.

Therefore, it is best to trade these type of ETFs.
It doesn't have to be day trade, it can span over multiple days
or even few weeks.

But longer you hold, the odds of making profit is severely challenged.

In many aspects of our lives, it pays to have a good patient
character, but applying that goodness to these ETFs
would just about guarantee a failure over longer period.

If your trading style is to buy and hold for long periods
(many months), then shorting NUGT or DUST (depending on the
direction you are guessing) gives you much better chance.

As an example, if you think NUGT is going to soar eventually,
then the better play is to short DUST, that way you get the
Contango erosion gain plus the loss in value gain when
DUST drops.

Just my 2 cents...because I'm bit concern about you may
wanting to hold it for lengthy period, and I want you to
clearly understand the lower odds that you are betting on.

Good luck.