I was doing great in nugt and ended up selling at 14.50 and then into dust at the high of 26.50.I am totally screwing up.I have sells on dust at 34.50.Do you think that is too optimistic.I really need advice. Thanks
Hey man...I am still long here and if gold drops closer to the 200 and 50 MA, we could see gold @ $1690 which will spike DUST over $28 fairly easy...what you need to watch is the Us dollar. Whent he US dollar spikes, which it will shortly, then precious metals will take a hit. Stay in and lets hope for your $34.50....also buying TVIX here and RIMM with tight stops. Good Luck.
1740 is a critical support here....if it closes below, this goes to 1690. Dust should rocket today and I think I will close out my trade. Still haven't seent he spike in the US dollar which is long over due.....moving to UUP.