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Direxion Daily Gold Miners Bear 3X ETF Message Board

  • bry345 bry345 Oct 31, 2013 10:10 AM Flag

    In at $25.50..have a stop at $25...no need to watch..going to the beach..smart traders don't need to spend a lot of time at the computer

    live life

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    • yes man,,some days it is unnecessary.Thanks for your thoughts on these developments.Was appreciated.Good Luck

    • Set stop loss for 26 at least, maybe 27. If it breaks below 27, then it could drop much lower, and that way you made a profit if DUST would suddenly crash. 25 sale would set you up for a loss on a continuing down pattern where you would have easily been able to sell over 26.
      But based on short term events & technicals for gold, DUST should get back to 35+ eventually. Probably 40's. But if it would break below 27, then I'd worry, so it is why i'd adjust your stop-loss higher than 25, yet enabling you to reap a profit in event a crash happens.

      • 1 Reply to hhh9576
      • I was just pennies away from my 35 DUST target. Anyhow, I chose to recently sold out in 33's-34's & said so this week earlier. DUST could still bounce back toward 40, but at this point I decided to sell given this wee's trading action. I took a sold 25%+ profit in only about 3 trading days, so happy with that.

 
DUST
1.38-0.190(-12.10%)May 6 4:00 PMEDT