NUGT trade or how not to destroy your account

The piercing line candle in the Juniors/Large miners got confirmation and the NUGT             trade opened.

Needs a lot of work, as PM complex is in a downtrend, but the chart present a possible ABCD , a C&H pattern, a falling bullish wedge that is about to break and everybody I know or I read is bearish or short gold             and miner stocks.

A lot, and I mean a lot of junior miner stocks presents H&S tops too, but since we are at the or near the bottom, might not be the best pattern to follow as it has poor results. On the other hand, shorts are creating the bottoms in a harry to bye back their positions when such patterns fail.

Last COT's looks ok, sentiment data are ok too- not at the pessimistic extremes I would like to - Rydex assets holders have the smallest investment in PM's as usual, GOFO's are still negative, public opinion of Gold             is around the middle level (50) and seasonals show late April until mid June is good period.

All these ok, but the R/R is what made me push the button. 1 R loss gives a good sleep.

cheers and all the best

p.s. I have destroyed a couple of accounts with 3X leveraged products during the early - before R/R and trading journal- years. Take care.
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