With a 3X etf meant for scalping and decay, I beg to differ. Technicals are definitely the way to profit in NUGT. Even if one waited to the last run of the day, for what ever reason, instead of losing .43 on the day they would have profited conservatively by .85. That is a difference of results on the day between holders and scalpers of scalpers being $1.25 per share better off.
Now look at a daily chart. Holders for the last 2 months lost money. Scalpers because of intraday volatility have made money the last 2 months while holders got mashed. Any who added in some DUST trades made even more. Reliable gains were banked without holding overnight and guessing what tweet or event would mash the trade.
Lastly, If someone purchased one share of NUGT at inception they would have endured the equivalent of a 1 for 400 reverse split by maintaining that one share until today and lost a huge amount of money to have that one share today. Data will bear that out. They lost everything invested preserving that 1 share since 2013. Simple math to figure out.
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