best trade of the yr turns out to cost me the most...by selling to soon
was in DUST back in Jan (check the MB it was dead back then) rode DUST from just under $30 to $50...after consolidation period doubled down at $50 rode it to $120 and sold at $95. When it touched $75 I was the master trader. Today it hit + $160 not such a good trade now
Its one thing to ride a NOK or RFMD once every 3 months after earnings and risk a potential 10-15% move...its another to do it 3 times a week in 3X leverage ETF or ETN that can move 20% in a day
waking up at 3:00 AM to check the price of gold wears an old man down
living in TX & OK have seen a lot of investors lose their #$%$ trying to catch the bottom of oil & gas stocks...precious metals bottom fishing is #$%$ slapping those doing the same
I'd seen the previous notes about dust but did not consider playing the gold trade with a leveraged etf. I've done that with TMV and been very happy with the result. My impression is that the leveraged etfs work better with trending commodities than with the often random walk associated with stocks.