Direxion Daily Gold Miners Index Bull 2XSharesArca
Description
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If you think that GOLD is going to go long out of this noted NUGT stock triangle, this set up is for tomorrow for a BULL run here. Lets say that stock went up 0.20 on 2,500 shares (yes, that is under $25,000 capital for this trade) at current PA of $9.79 & you get out at $9.90 per share. Keep your stop losses close to entry PA & move stop loss up to break even ASAP, after you are IN THE MONEY.
Yes, that would get you around $ 500 profit. Both indicators VWAP and Ichimoku cloud shows a positive for more upwards direction. You can calculate how much profit you would make on same situation, if you bought 1,000 shares instead of 2,500--- all stock trades you should have a plan.
Do your own analysis and remember money management and your capital you have to trade with.
Comments
summer6
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Hi Panda, a good catch. It may be a decision time for NUGT. :)