Replies to post #44905 on Direxion Daily Gold Miners Bull 2X (NUGT)

[life143]

I'm glad I didn't hold the NUGT long, would have made some holding DUST but then again, you never know. What's your thoughts on 1400 gold, the H&S pattern that has been forming? That would drive GLD down to approx. $133, that is still quite a way down. In that case, I will look to re-enter $DUST because the move is just about to begin at the 1490 break.

What caused me to drop NUGT afterhours was the trading, they were purposely running it to lure traders in, it was up 30 cents from the closing price....that was a bad sign for me, took at $30 dollar lose vs. a $300 dollar loss. Worked this time, although it might not work next time, they're always changing things up...so other stuff needs to be looked at. Weasels posting the chart also helped because it definitely looked like a gap down was in the works.

https://stockcharts.com/articles/tac/2019/09/tim-taschler-gold-a-crowded-tr-406.html

Not to mention someone longed $29 million in $SPY calls with an October expiration date.

[ReservedRisk]

Yeah, bought way too early.. Lol

Looks like I might be waiting awhile.

Glta