Shared by:
GriffenPaper
On this trade I didn't put a hard stop in, maybe I should have and just got lucky. It definitely came down to a point that I would have been stopped out if I had one in but it did end up going my direction.
I was long biased on this because of how the $GLD etf was setting up. It has come down a decent amount the past few days and it put in a doji on some support yesterday.
Chart -
Because of the setup on $GLD I was looking for an entry intraday on $NUGT, the triple leveraged gold ETF. Honesty not to sure why I entered where I did. I had a daily Biased and so I kinda just bought. This was a really sloppy trade. More luck than skill in this one I think.
I excited after the red/green break near some resistance.
Execution detail:
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