Casino trade, yes should have got out earlier when $4 failed.
midday reclaimed so got longed again anticipating $4 push but stuffed again.
It's CRUCIAL using gold spot while trading NUGT. today's action tells me NUGT reacted seconds to minute later than gold spot. The key when trading this ETF is "patience"!!!! it cracked morning support so I immediately jumped on the trade then added to my position risking $140. It's got what I want and gold future kept pulling and making new low so I waited for NUGT to pull. The reason I covered was because gold spot rally back and NUGT haven't done so I knew it would then why not cover and call it a day.
The edge we have is NUGT reacts a lil late than gold spot!!!!! but this ETF is hard to trade, it can go your way beautifully and then next second go to the opposite direction.
Discipline is MUST!!!
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