NUGT/DUST

I'm going to sit out. I'll call this one cheating as the bullish pennant time frame is too small so it's really not visible in the larger view.

Two scenarios:

1. NUGT will repeat what DUST did, which was bull flag morphing into ascending triangle then crash
2. It's an ascending triangle that will breakout upward and continue the uptrend

My money is on #2 happening but I won't be in the market on this one. Don't really care if I miss out. I want to see concrete bases not half-arse attempts cloaked from viewers by existing within the minutiae details.

Also, for ppl who trade soley on the larger time frame, the confirmation price will be a WTF 3.53 b/c of the hidden bull-flag/pennant which doesn't count towards establishing a pivotal price point.
 
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Gonna switch over to updating this thread on the weekends. Don't really care if you think my trades are bogus if they're not verifiable by posting in real time. I need to be focusing on the markets not this forum. For the record, I started trading NUGT/DUST when I started this thread. I'll be using no more than $5K. Plan is to double that amount first, then take $5K off the market, and then grow the account from there. So far I haven't placed any trades in either so current net profit is 0%. See u guys on the weekend!
 
S2007S said:
UP NEARLY 9%%%%

SOLD 1/2 position around $3.40....the rest Ill hold onto until it rallies to the $4.50-$5.00 area, now slowly going into JDST as I see it drop under $10.
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MY JDST is doing awesome today....
 
S2007S said:
MY JDST is doing awesome today....
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JUST sold around $10.40....I know this could easily jump another 20-30% by Wednesday but figure Ill just take some quick profits off today....

Will get back in under $10 again
 
S2007S said:
NUGT up over 12% today......I went back in around $2.80 last week
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Good entry, and a very nice ROI. If /GC breaks 1,125 it should rally to the next resistance point of around 1,150, which will carry the gold/gold mining stocks and ETFs with it, including NUGT the turd.
 
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