Loading ...Most charts rely on either an opening and or closing price. The majority of the Jnug/Jdst movement is inbetween, during the day. That is where the 5.10.15 % moves occur and the time to book profits. How would one build a chart to reflect the inner day movements ?
BTW, something I have noticed with both ‘J’s’ is how about 30 minutes before the close each day ‘they?’ begin jiggering both the price of the ETF and the index they are tracking ( GDXJ) so that by days end, no matter how the price has moved intraday, it ends up always near the promised 3X level. Indeed, I try to do my setting up for the next day within the last five minutes of trading. The price difference can be dramatic from the highs during the day.
It is because of these intraday price moves that compels me to sit at the computer all day trying to pick an exit point with the highest gain. And another reason I seldom hold either of the ‘J’s’ more than a day, sometimes two. It is a dynamic and volatile market environment but if you have a little ‘gunslinger’ in your blood, that is where the real profits are made. Kinda like the old west, its a High Noon Shootout almost every day. Definitely not a ‘buy and hold’ type strategy, although I recently spoke with a member of the Oasis that has been holding JNUG in his core holdings since around 2 Bucks. So pick your poison. There is always more than one way to trade anything.
Thanks again for the chart, and for adding your thoughts to the mix.