DennyP

JNUG stochastic oversold

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AMEX:JNUG   Direxion Daily Junior Gold Miners Index Bull 2X Shares
Hopefully history repeats itself.

NUGT and JNUG in stochastic "oversold". The last few times the long stochastic red line was in oversold territory (< 20.0) there was a day or two in the same area, then price moves back up. The last time this didn't work was in summer of last year, so usual 10% stop loss applies here. Don't want to catch a falling knife.

I'm hoping the same thing happens here. Opened a small position in JNUG trying to catch a bounce.

In @ 7.82.

Komen:
Some of you guys liked this idea. Wish me luck!!
Komen:
Yay this position has finally turned positive. I'm hanging on over the weekend.
I was close to getting stopped-out.
Dagangan ditutup secara manual:
After being grossly negative on this position I closed it today at slight gain. I averaged down @ 6.80 a few days ago which brought my average down to $7.40.

Out at $7.60.
Lesson learned: I was a day early entering the position and got greedy. Should have just sold when this thing was up 5% a few days later. So: if you enter a position and it drops 10% the next day, then goes up to break-even the next few days, SELL.
Penafian

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