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Trader_Kaji

Trade Journal: Long $NUGT - 4/22/2020

Long
Direxion Daily Gold Miners Index Bull 2XShares (AMEX:NUGT)  
Trader_Kaji Updated   
AMEX:NUGT   Direxion Daily Gold Miners Index Bull 2XShares
Trend Analysis Chart Patterns trade journal Stocks setup NUGT Gold GDX
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trendanalysis chartpattern trade journal stocks setup nugt gold gdx
Gold has been consolidating right above the recent highs, since bottoming out last month, and looks prime for a breakout. I went long this morning right at the open on the gap up. Really like this pattern occurring in GOLD which could pick up some momentum near term. GDX is also a valid play for less risk.

Entry - 12.10
Stop loss - 10.90
Target - 14/17.50
Comment:
Since NUGT reverse split today, updating entries, SL and target.

Long - 60.50
Stop Loss - 54.50
Target - 70/87.50

Look profits on 1/3rd at 69.95.
Comment:
Still in this trade. Move up stop loss to 59.85. I think moving up the stop is appropriate here.
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