Loading ...NUGT 15/DUST 15: Which trend line is telling the truth? Upper NUGT or Lower DUST?…
http://stockcharts.com/h-sc/ui?s=NUGT&p=15&yr=0&mn=0&dy=10&id=p39112916456&a=388444196&listNum=1
http://stockcharts.com/h-sc/ui?s=DUST&p=15&yr=0&mn=0&dy=8&id=p44518879549&a=400914696&listNum=1
So… it was a DUST –and NUGT day. Two days in one. Profits for both the shorts and the longs. I got out with 1%. Next time… I will watch the 1 minute chart for a 13/34 crossover. I would have made 15% on DUST. And then, a few bucks on NUGT. 1 minute is the new hour. Can’t wait for Monday.
Not so aggressive Tim; use the 2 minute…
Is this a day trading account that you are using for these 2 minute crossovers or do you limit your sells not to exceed 4 day trades in 5 business days?
Day trading account Kemmrich. I could not trade within an IRA with these x3 ETFs…NO WAY!
I have a margin account that has less than $20K in it, so I can’t do the pattern day trade with it. But I can do a few day trades with your system and see how it works out. Today was sort of a different type of day, though.
That channel makes a nice trading range. I wonder if that’s the way to look at this market: like an oscillator. When I stepped back and looked at the V shape on the gold chart and then on the DUST chart today I realized it wasn’t a bad day after all, it was just a trading range. A trading range on the edge of a cliff…