Seeking Alpha
  • sailfast17
    Any thoughts on NUGT? Long or short?
    7/9/12
    Reply (5)
    • 1980XLS-2.0: Leverage decay in that ETF can be extreme. Use for short term trades only! Selling covered calls can mitigate decay.
      7/10/12
    • sailfast17: Yeah this is short term but are you going long or short at the moment?
      7/15/12
    • 1980XLS-2.0: Traded multiple times sucessfully last week. Thurs left a ton of $$$ on the table though.
      7/15/12
    • sailfast17: It seems to be going down and fast too! Until Gold goes up to 1700 $/ounce, Not an in sync correlation tho. I am worried about holding NUGT
      7/16/12
    • 1980XLS-2.0: Scalped another $400 daytrading it today. Holding these leveraged ETF's painful given decay.
      7/16/12
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