JNUG update: still bullish despite move down yesterday. Looks ok
to me. Keep in mind this is a volatile instrument but on a two to 3
year view I think its highly unlikely to lose money.
Regarding my previous comment of a low in 2020, well this is
possible still, but the sell off and CAPITULATION in this sector
implies upside at this point. Of course events change so it is
clearly an idiotic comment to refer to something when the whole
scenario was looking differently. ie higher by 60%.
Be careful, 3x ETFs decay rapidly (they reset daily). They are
meant for short term trading only. GDX could double in two years
and one could lose money by buying and holding JNU because the
decay is so bad.
JNUG update: still bullish despite
Posted by torvix on 23rd of Aug 2018 at 10:29 pm
JNUG update: still bullish despite move down yesterday. Looks ok to me. Keep in mind this is a volatile instrument but on a two to 3 year view I think its highly unlikely to lose money.
Regarding my previous comment of a low in 2020, well this is possible still, but the sell off and CAPITULATION in this sector implies upside at this point. Of course events change so it is clearly an idiotic comment to refer to something when the whole scenario was looking differently. ie higher by 60%.
Be careful, 3x ETFs decay
Posted by oatdust on 24th of Aug 2018 at 12:06 am
Be careful, 3x ETFs decay rapidly (they reset daily). They are meant for short term trading only. GDX could double in two years and one could lose money by buying and holding JNU because the decay is so bad.
Good point and thank you
Posted by torvix on 24th of Aug 2018 at 12:31 am
Good point and thank you for reminder.