Direxion Daily Gold Miners Bull 2X (NUGT)

[CowBoE]

I think it's that situation most of the time for most of the stock, and most of us would have the same question if NUGT was
at $35 or $70...because the fear is always there.

But we have to play to have a chance to profit,
so what I do is, if I have sufficient conviction,
I just jump in, but set a tight stop limit.

So I get kicked out about almost 30% to 40% of the time
with small loss, but if it goes my way, I usually make
multiple times more than the stop loss.

So it's a percentage play where I expect to lose about 1/3
of time but win 2/3 of the time, and loss to profit ratio
is 1 to 3...to...1 to 4 or so.

But I don't just randomly jump in, I look for either a
reversal off the intraday bottom/top, or continuation off
the LOD (for short) or HOD (for long).

And if there is significant volatility for the day,
then I also play the short term call/put option as well.