April 09 – Assess Your Position Size

TRADE UPDATE: Trimmed down 50% of my $NUGT position at $20.7 just now, for a return of +6.97%. Leaving the other 50% position in order to gain exposure for tomorrow. Stop-losses should be set relatively tight tomorrow, as volatility is bound to pick up and all the gains made so far could be wiped out … Continue reading April 09 – Assess Your Position Size

April 08 – Gold Breaks Through

*I use leveraged gold miners etf ($NUGT) to gain short term exposure to the gold miners etf ($GDX). However keep in mind that the miners don't have a perfect 1 to 1 correlation with Gold prices.* Trade Update: Gold and Gold Miners surged today partly based on the report that China‚Äôs central bank continues to … Continue reading April 08 – Gold Breaks Through