to answer your question i sold my NUGT and My AGQ before the weekend i did not sell it because of the weekend i sold it becuase i made up everything i lost and then a couple hundred, and i am not sure gold has much more room to run right now, but i have held onto my KGC options and they are doing very very nicely i have then till 2013 jan so i am no rush and they hardly cost me anything so if gold goes up more then i will make $$ if it goes down no biggie and i will purchase more NUGT and AGQ. my trading range for NUGT is over 25 = sell under 22 is buy. Currently the RSI for NUGT is 68 and that is on the high side, the RSI for AGQ is 71 and the RSI for KGC is 50
so NUGT and AGQ are a bit overpriced right now and KGC is ok.
Looking at SLV as well RSI is 74
so let those numbers speak for their selves.
I still have TVIX and a very small positon in VXX calls, those 2 are not doing that well and thats ok, i wont add anymore though to TVIX and i might add a Very small postion to VXX calls. Sold my FAZ for a quick couple hundred dollars profit.
but my BAC purchase i made at 5.39 and my LCC purchase i made at 5.40 are treating me really good:) Thanks AMR
last year my account was in a paper loss of about 20% now its only 5%, as always what happens in europe will effect us but no matter how much BS they talk they really cant and wont let Europe fail. its just a game of chess but having them fail will cause such chaos that it would be horrible.
In the long run the DOW is heading up i feel, it has had a hard time trying to break 12000 and our own economy is not doing that bad now, the worst is most likely over and now its just a recovery. I am sure my TVIX and VXX are going to go in the dumps but since my posion is so small i will let it go down and once they level off i will add a bit to it to dollar cost down.
On the good side is since my account is more 60% long 15% short and 15% cash if the TVIX does go lower that means my long holding will go higher and over ride that loss so really there is no loss if you look at it that way and that is how you have to trade. Not look at one holding and base your trading around that, you have to look at the overall picture and let that work for you. With trading you will never have 100% all profit on every postion if you are diversified. Its just making sure the +++ out weigh the ---- if you are long and the --- out weigh the ++++ if you are short