What was? My original post was of a 3x leveraged fund of gold miners stocks. And I was referring to premarket before opening Monday.
I can get better return elsewhere. Only leveraged trading interests me. And if I can't do it without feeling like gambling, then I won't.
%% NOT holding more than one day is just for lawyers laughs ,Farmer Jon, unless gold hits a bear trend LOL. BUT here are more profit hints ;NUGT compared to UPRO, or SPXL; 2020 NUGT= losing trade open to close 2020 NUGT 52 weeks >100%% 2 years about= flat 5yrs -16.96 %/OOPS/lousy trend since inception -48%% VERY LOUSY TREND, unless you short the stinkin' thing--------------------------------------------------------------------------------------------------------------------------- UPRO[SPYx3] 2020 UPRO = profitable trade open to close =52 weeks>59% 2 years= good trend 5years>25% since inception =>37% Anyway you do the math, see why SPY,S&P500 is the benchmark + not a leveraged gold fund??? Another hint gold has no earnings some gold stocks do, BUT ALMOST NEVER DO gold stocks sector do a top trend. See why even a leveraged SPY ETF, like UPRO is much more likely to make money than NUGT; hint most UPRO profit time frames are better than NUGT??? [NOT long or short either one; did close out some SPY+ SPXL profits + got some SPY diVidends] Both can do well in a good long uptrend; sorry NUGT has lost so much, in so many trends=live + learn....................................................................................
Read your first post. You could have dumped your ETF AH yesterday. GLD was up almost 3% AH. So 3x and you're there. I don't know what the liquidity is like, but yeah, you got caught in a reversal that occurred after hours. Get over it if you can or find another line of work.
Although that's not the reason to avoid shorting the market. How come those 7B could not stop the market from going down in 2008? Fundamentals will ultimately matter.