Yesterday was a messy day for me. I had a position in JNUG
at $28.27 with a stop loss at $27.50. I got kicked out at $27.30, to see JNUG
bounce to 29 around 2 pm. I entered JNUG again at $29.69. This morning I’m
sitting with gains over the two days period, but missed on big profit. Do I
regret? Not at all. Yes, some will say that my stop loss made me lose money. I’d
argue however that it saved me money countless times. Therefore, this strategy
is very profitable over time, as my track record proves. This is not to justify
myself, but rather to give another perspective; gains are not only made by good
stocks picking and timing, but also with good money management.
As for today, I will set a sell limit pretty quick, because
my analysis shows this JNUG surge probably is temporary. The charts shows “JNUG”
but the analysis is really made for GDXJ.
The GAMMA fit is also amazingly accurate:
With:
P(GDXJ>27.3)=
|
43.62%
|
P(GDXJ<27.3)=
|
56.38%
|
Let’s make money today!