Feeling Nervous? - March 20, 2012

[sesorensen]

It is impossible to know yet how it will evolve, but I feel nervous with my leveraged long position and a good lesson for me is to consider smaller position sizes for RT trades when they are out of sync with the EOD robot. I should have listened to Dave who warned about this in another thread! With an unleveraged position, I wouldn’t worry much waiting for an average of 2 more days before potentially exiting with a loss if the -1.45% OS threshold is revisited. But I can’t run the risk of letting my 3x leveraged NUGT compounding losses at the speed of light and will respect my initial “comfort level” stop below GDX 49.42.
Billy

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Hi Billy, Also being in NUGT I would be happy to hear you trading "solution" right now... well below your comfort level: you stop the trade here, you hedge (and if so how?), or like Dave stay in...... thx. sorensen