Given the 3x leverage, there is a decay factor. So if gold miners move sideways, you can still lose money on your holdings, I believe.
on the recent fall in gold miners, JDST went up 82% in a few days. For traders at the computer during trading hours they can make you a lot of money if you get it right.
Given that I sleep at night I have not traded either. Would rather buy individual set ups of good companies here than hold an overseas 3x leveraged etf.
Entered NST last week after a night of weakness in the miners in the states seeing it as a potential shake out before move higher. Playing out nicely so far however as stated by others, tonight will tel us more about what is really happening. Could be proven to be a sucker caught in a bull trap yet, but these volumes we are seeing. Big green candles Friday night on double average volume. I also liked the recovery in gold after breaking support that EVERYONE was watching. Looked shakey-outey to me
Given the 3x leverage, there is a decay factor. So if gold...
-
- There are more pages in this discussion • 913 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add XSO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
3,043.4 |
Change
20.400(0.67%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 3,023.0 | 3,043.4 | 3,004.0 |
| XSO (ASX) Chart |