An idea that has been on my mind for quite some time.
Just a thought, if we had a 50k position in both direxion daily gold - DUST & NUGT
Stop loss: 1.5%
DUST Open: $22.1
DUST Stop: $21.76
NUGT Open: $42.34
NUGT Stop: $41.71
This is the entry data with a stop-loss. Let's look at the chart how it would have worked out today:
Well, in NUGT we would be out of the position in the first 10 minutes of trading.
If I had been in DUST, I would exit right now.
Let's look at the numbers:
NUGT: 50,000*0.985=$49,250 or 750$ loss
DUST: 50,000*1.1324=$56,620 or $6620 gain
DAY TOTAL PROFIT: 5850$
Not bad at all.....
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