NUGT Short

523
NUGT is GLD x2 ETF, if GLD will down 20%, NUGT will done 40%.

Fib# XYABCD pattern,
Both XY and AY should cross SMA50.
AY=XY * 2.618 (or 1.618, 3.618)
AB=AY * 0.786
CB=AB * 0.382 (or 0.5, 0.618)
CD=XY * 1.618 (0r 2.24 )

Another XYABCD sample in 2020 SPY
SPY might be in V reversal pattern


Short entry 310
Stop 320
Target 162 (B point), 101 (D point)

Risk management is much more important than a good entry point.
I am not a PRO trader.
In my trading plan, the Max Risk of each short term trade should be less than 1% of an account.

BuyToOpen Jun Put butterfly P130/160/190 limit 2.5 (C110 Delta= -0.18)

Trade ist aktiv
BuyToOpen Jun Put butterfly P130/160/190 limit 2.5 (C110 Delta= -0.18)
Anmerkung
Correction: P190 Delta= -0.18
Anmerkung
This is a GTC order. I estimated the Fib# few days ago, and set the entry and wait.
Order filled at 1/29/2026 6:30:13 AM PST.

The bid/ask of this stock Option is very wide, if I did not set the order before, it very hard to buy limit price at the extreme turning point.
Trade wurde manuell geschlossen
Close P130/160/190 limit 3.5, small winner.

The Bid/ask is too wide, very hard to close.

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