Bullboard - Stock Discussion Forum 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... see more

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Direxion Daily Junior Gold Miners Idx Bull 2X Shs > sold rest of JNUG for +29% PROFITS

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Post by laffinatbaggies on Dec 19, 2018 2:28pm

sold rest of JNUG for +29% PROFITS

Sold the remaining 1/5 position of JNUG for profits of +29%. Had a tight stop to lock in profits and it was triggered at $8.78. I had bought JNUG at average of $6.79, so it locked in a profit of $1.99/share for the last 1/5 of the position.
JDST is the gold play and will be the gold play. Sorry gold nutbars and JNUG baggies, the BIG PROFITS will be made with JDST again.

BUT if you have an unbiased trading view, you can profit both ways. Thanks JNUG for the short term trade and gave me PROFITS OVER +30% for the JNUG trade. I will be taking those profits from JNUG to buy JDST in the nect while. Love these markets!

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Comment by AVCBRE on Dec 20, 2018 3:58pm

Mine got triggered at $9. I was thinking maybe it was too low than it went on free fall. I still have some position. I will keep selling partly if it starts going up or buy more if it is falls below $7.

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Direxion Daily Junior Gold Miners Idx Bull 2X Shs