Direxion Daily Junior Gold Miners Idx Bull 2X Shs JNUG

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index includes companies from markets that are freely investable to foreign investors, including emerging markets, as that term is defined by the index provider. It is non-diversified.

ARCA:JNUG - Post by User

Direxion Daily Junior Gold Miners Idx Bull 2X Shs

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Post by laffinatbaggieson Dec 19, 2018 11:06am

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Post# 29134720

sold JNUG for +33% in profits

Sold 4/5 of my long position in JNUG from $6.79 at an average price of $9.04. I was expecting a bit of a bounce in gold, that is why I bought JNUG a few months ago. But the bounce has been pathetic in terms of the gold gold nutbars predictions.
This trade gave a profit of +33% and a profit of +$2.27/share. I am still holding 1/5 of my position to see if the bounce goes a little more.
JDST will be the long term hold not JNUG. But why not profit both ways. That is why I mentioned after my big win in JDST that I sold all and was expecting a bit of a bounce in gold. That is exactly what happened, it's not rocket science. Love these markets and HUGE profits!

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