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Tuesday, September 27, 2011

SOLD NUGT - $33.62 (pre-market)



In this morning's pre-market I sold my entire position in Direxion Gold Miners Bull 2X (NUGT) for $33.62. I am determined to be very wary of holding positions too long, as that style of trading have never been particularily my strong suit. So, it's back to my more comfortable 'hit and run' trading - and so far, so good.

My TSI trading record has been updated.

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4 comments:

  1. AnonymousSeptember 27, 2011 at 10:06 AM

    I am out of NUGT too. Thanks for the great charts you posted on Sunday. I am learning a great deal from your work here!

    Thanks!

    -Aaron

    ReplyDelete
  2. honusSeptember 28, 2011 at 6:56 AM

    John,
    I'm thinking about getting back into gold, TSI (daily) looks close to a trend line break?
    Any thoughts?
    Thanks
    Harry

    ReplyDelete
  3. John TownsendSeptember 28, 2011 at 7:19 AM

    Aaron - thank you

    Harry - I'm watching it all the time my friend. Nothing much to report. Keep your eye on the TSI (7,4) 4 hour chart of /GC.

    ReplyDelete
  4. Kevin September 28, 2011 at 5:39 PM

    good call on getting out.

    rick rule putting cash to work in bullion and juniors.

    www.takingmoneyseriously.blogspot.com

    ReplyDelete