OK))) I see what you meant now that you re-stated more clearly.
That said, I don't exactly agree with your strategy, but I respect your different choice and understand why many would be afraid to touch something at all time low.
FYI, I took that profit on that surge Wednesday afternoon as opportunity to sell. I posted that I thought the move was overblown and too quick for a reaction to the 'Fed minutes'. I did sell a little too early by over an hour, but still I made a profit.
I also said I would wait for under 10 likely to consider to re-enter, and it has since quickly occurred.
I've been day trading this only since then (made another 6.6% Thursday) and have been maintaining that is most sensible at the moment in current risk phase for JNUG in my opinion.
I'm looking to intra-day trade this again today. I don't usually post about my quick day trades at msg boards, but seems to be relevant to mention more since Wednesday in terms of best strategy vs risk.
Down here at these oversold levels, this thing notoriously has 5-10% swings (on avg) a couple times per day--- which is way too good to pass up in my view. And by doing this you reduce risk of holding too long while at these cautious/risky levels, along with increasing profit overall.
Best at the moment to take advantage of these 'gyrations' down here.
I think under 10 could be relatively cheap compared to much later, but trading this week has developed more risky, so I'm currently choosing to only day trade this, re-churning for now as often as possible before I develop a new core position for a swing trade later.
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