Gold Mine(rs)!
- Thread starter Option_Attack
- Start date
Here are some recent trades. System is not doing too bad, but it's early. Haven't been trading it long. We'll see what happens...
11/25 B GDXJ 12/20 36.5 C @1.15
12/2 S @1.83
59% Gain
11/29 B PAAS 12/20 18 C @1.10
12/2 S @ 1.45
32% Gain
11/26 B GDX 12/20 26 C @0.78
12/2 Current @1.36
74% Gain
11/26 B AG 12/20 10 C @ 0.80
12/2 Current @1.0
25% Gain
Typical hold times are 6-8 days. Not going for the big win, just nibbles and trying not to lose my a$$.
11/25 B GDXJ 12/20 36.5 C @1.15
12/2 S @1.83
59% Gain
11/29 B PAAS 12/20 18 C @1.10
12/2 S @ 1.45
32% Gain
11/26 B GDX 12/20 26 C @0.78
12/2 Current @1.36
74% Gain
11/26 B AG 12/20 10 C @ 0.80
12/2 Current @1.0
25% Gain
Typical hold times are 6-8 days. Not going for the big win, just nibbles and trying not to lose my a$$.
Yeah charts on most of these are just horrendous from about 2011 - 2015. But maybe the time has come (at least for a while)? We'll see! 
I like the idea that they aren't completely correlated to rest of the market. Sure, when everything is crashing they do too. But I can deal with that.
I like the idea that they aren't completely correlated to rest of the market. Sure, when everything is crashing they do too. But I can deal with that.
The impression I have, JNUG has very poor correlation to anything, it kind of has its own mind and very volatile, besides the fact it is biased toward falling which makes it a preferred shorting stock. But whether JNUG is easily and readily available for shorting I don't know.Yeah charts on most of these are just horrendous from about 2011 - 2015. But maybe the time has come (at least for a while)? We'll see!
I like the idea that they aren't completely correlated to rest of the market. Sure, when everything is crashing they do too. But I can deal with that.
Jnug vs gold, previous 3 years
Yes those 3X funds tend to lose from daily mark losses anyway, so when there is also a long term down trend they really dump. My comment on correlation was mostly about the miner stocks, and not geared ETFs.
JNUG also performs well in my tests, but only over about the last 3 years. Don't know if liquidity is good enough for me to trade it tho. Just checked, probably could get decent fills, but IV is running in the 80s. Little high for this system.
JNUG also performs well in my tests, but only over about the last 3 years. Don't know if liquidity is good enough for me to trade it tho. Just checked, probably could get decent fills, but IV is running in the 80s. Little high for this system.
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this chart you posted doesnt show anything at all really. obviously you dont know how to correctly compare symbols. its never just throw up % return there is way more happening than just price!
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gdx and jnug are highly correlated not sure what you think your chart is showing!! you have a lot to learn about math.
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Closed AG for 1.40, 60% Gain
Still have GDX. Currently about 107% Gain.
Got lucky so far on these miners. Wish I had more!
Still have GDX. Currently about 107% Gain.
Got lucky so far on these miners. Wish I had more!