Replies to post #11391 on Direxion Daily Gold Miners Bull 2X (NUGT)

[mannken]

After reading more on 2x,3x leverage and effects last night, str8chuter is exactly right and has me 100% convinced now. :)

Costs/volatility decay in 3x leverage are so much more amplified, you end up charting only 70% of the indices, and 30% of the chart price action is tied to the swaps, hedging which is impossible to chart into the equation of historical patterns and indicators.

I'll still play in the sandbox with the Nugt/Dust charts becasue of the added excitement.

Well good, another nugt dropped in the knowledge pocket as str8chuter has posted several times before.