Shared by
ASJ
Nugt was completely hammered yesterday, but it did want to recover today, so I thought most people were thinking but today. I missed the initial run up, so I waited for a pullback to MAs and planned a bounce play. It was holding at the moving averages and it did try to go lower but it was rejected (as indicated by the two bottomed tailed candles), so I took the trade and made sure my stop was tight. I tried to take it long again at he 84.42 level but it was due for a pullback again but once it did, it exploded again. Too bad I wasn't in it again!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-05-19 09:42:20 | NUGT | buy | $80.880 | long |
| 2016-05-19 09:48:24 | NUGT | sell | $80.930 | 0 |
| 2016-05-19 10:20:30 | NUGT | buy | $80.580 | long |
| 2016-05-19 10:26:24 | NUGT | sell | $81.860 | 0 |
| 2016-05-19 10:31:11 | NUGT | buy | $83.880 | long |
| 2016-05-19 10:37:36 | NUGT | sell | $84.570 | 0 |
| 2016-05-19 10:42:41 | NUGT | buy | $84.420 | long |
| 2016-05-19 10:43:42 | NUGT | sell | $84.110 | 0 |
Comments
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Aldwin,
Just wanted to thank you for the kind words you sent me back a week ago or so.
Thanks again Joe