Replies to post #41423 on Direxion Daily Gold Miners Bull 2X (NUGT)

[Nightridertwou]

That's right and remember in the good old days when we had a rate hike NUGT would go down when the rates were announced and the next day it would rocket up. Now a days not sure that will happen but maybe it will. Yes currently swing trading is the way to go and scalp what you can. We all know they will raise the rate next week. They pretty much have to.

[Sgreg]

Yep, that's what I do. Swing trade usually for around 10-20%. Usually takes a couple of days to a couple of weeks to hit my sell target after I buy. In the last month here I have done very well. Loaded up big in mid August and sold about a week later and then loaded up again 2 weeks ago. Sold half of that today.