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The ETF trading results will vary from week to week. Our goal is to have at a maximum at 2.5% loss and we have hit several trades which have been over 10% in 1-3 days, some as high as 20%. The key to trading these ETFs is to take profits and I am with you all the way in recommending the levels to take profit each trading day.
The nightly reports will come to you dictating the next days trades. A sample of the nightly report is below. We have had much success trading JNUG and JDST while concentrating on staying long the metals with the green weekly signals. This style of trading may seem complicated to some without understanding what the colors mean, but it’s actually not once you read the Trading Rules.
What we eventually want out of these nightly reports is to have the trends develop to where all ETFs in a particular direction are trading green on the weekly and the monthly and our only decision then is when to take profit.
REPORT FROM 3/5/2017
Before getting into tonight’s report, I want to say that there was some good feedback on how to play some of the ETFs, like JNUG for example, that have some traders under water a bit. First off, I want the Trading Rules to trump what anyone says and especially adhering to the stop rule #1. If you review the section of the Trading Rules that state the various ways you will lose money with this service, I have found myself breaking them now and then and I will no longer do the mutual fund approach to trading. Why? Because you have the mutual fund approach below with the new green weekly’s when they hit. Buy them. Sell 1/2 for profit according to the Trading Rules or your own goals for profit, let the rest ride higher while scalping these same ETFs for time after you have already profited if the trend continues higher. It’s when we go against the green weekly’s that gets us in trouble. That and not keeping your own personal stop of no more than 5%. I will call day trades in JNUG and profit from them until we hit green on the weekly. That’s why on Friday, as much as I wanted to take home at least half shares, the correct call was to go home flat. I didn’t want to take home JDST at that point either with such a turnaround. While we are still green on the weekly with JDST, the dollar has broken down and we will see Monday if we can trade higher in JNUG or if we test the lows once again in JDST on some sort of breakdown before bouncing higher in miners and gold. For example, the “Exit” prices for JDST were after the first day they turned green on the weekly, but we have traded in and out of it almost every day since for good profit.
We simply cut out these mistakes of fighting the trend, and keeping that stop no matter what, and we’ll be well on our way to nice profits.
We sold our SDOW for some profit from the hold overnight. Bought some JNUG at 21.05 and sold 21.64 half shares. Moved over to JNUG at 6.60 (some may have bought lower when I was discussing it) and sold close to 7. Some may have bought before when I called the mutual fund at 6.56 and stopped out and bought back in. I wrote a note to everyone in an alert not to be afraid to get stopped out and jump right back in 20 cents higher if we start to move back up. In this case it was a “sell the news” type of event where the market already had the Fed hike priced in and gold shot up. But I will say the market in all is quite resilient yet TNA once again turned red on that dip. I think we may get to the point where if FAS is red (FAZ green) short the market and vice versa. Same goes with TBT and TLT.
Economic Data for Tomorrow
If we are going to go short the market, we shouldn’t do it till we get more red weekly’s. Then aggressive traders can take some risk and buy some short the market ETFs, but I would only scalp these and go home flat until we get the green weekly signals. Markets are still fickle. Difficult for me to go long the market but SVXY has a decent turn around on Friday, so we’ll watch it for an entry if there is a reason to go long Monday. The market may not get going south until fear (the VIX or what we trade UVXY) starts to increase.
With RUSS turning red on the weekly on that 5% drop, it’s time to be neutral all of these foreign ETFs till we get a better signal. Lot’s of info coming out of China right now so there might be a breakaway winner coming. They have reduced their GDP outlook but are working on debt issues. Might be too little too late but we’ll see.
Neutral here but will lean TLT after the beatdown.
Nat Gas up 8 cents overnight so far and we’ll look to see how it plays in the morning. So many times the moves are made overnight and it makes trading Nat Gas more difficult because a big move has already been made. We’ll wait for the right trend here with a new green weekly is the best call. I don’t know about you, but the weather is pretty darn warm according to my buddy in Indiana. So much so a friend of his went water skiing (in a wetsuit of course). There still can be some downside to Nat Gas.
Precious Metals and Mining Stocks
Couldn’t have asked for anything better as for me, gold speaks the truth and it followed inversely to the dollar as good as can be expected. Both gold and silver in Asian trading about flat with the dollar up a little to 101.41.
Hot Corner (the biggest movers – 3% or more – or new ETFs that are green on the weekly – those in bold are consecutive days in the Hot Corner):
JNUG, BRZU, RUSL, NUGT, GDXJ, USLV, LABU
Cold Corner (the biggest moved lower 3% or more that are green on the weekly and or weekly/monthly or turned red on the weekly – those in bold are consecutive days in the Cold Corner):
JDST, RUSS, UVXY, DUST, DSLV, LABD (TNA and RUSS turned red on the weekly and GUSH red on the monthly)
Doug provides a very strong service and I would highly recommend it for the niche that it is designed to fill. He is very much on top of the changes in these fast moving ETF's and is very quick to respond to client questions. A winner on all counts!
I learned about Doug's service through a fellow investor. I have achieved exceptional results from following his Trading Rules and ETF recommendations. Most of my trades have been within one day, although a few have carried over into two or more days of trading. Most of my trades have been less than $20,000, but none have exceeded $30,000 in total funds traded at any one time. During that time, I have earned almost $23,000 net of commissions and stop losses. Most of that has been in the last couple of months. The first few months I was more conservative as I was still learning to follow Doug’s rules. I have had a few losses from setting stop losses and having them executed, but that is part of minimizing losses. I have learned that if I study, learn and follow Doug's Trading Rules and his daily Trading Analysis recommendations, I can achieve outstanding returns and minimize losses. I highly recommend this service.
Doug provides expert analysis in this irrational market. Doug helps his clients capitalize on trends while also reducing risk. His wit and sense of humor also help make this service fun for me. I'm not betting the farm on the ETF service but am enjoying it and I'm improving at it. The trading rules are requiring me to change a number of bad behaviors I've had in investing and old habits do die hard, but the more I follow them, the greater my success is. This is a great service for anyone that has the self discipline to follow Doug's rules. My recommendation is to follow a few pairs of contrasting ETFs (e.g., DWTI?UWTI, DGAZ/UGAZ, JNUG/JDST) and get good at these. Find some pairs you like and their success can lead to broadening the ones you want should you choose to.
This service assumes the subscriber possesses a certain knowledge of trading mechanics and financial markets, as well as emotional control. Given these, the subscriber can make consistent, large profits regardless of whether the market is up or down by following Doug’s trading rules and making the swing trades he recommends. He provides astute analysis of the markets from both a micro and macro point of view. Bottom line: Highly recommended, but you must follow his trading rules and pay close attention to his daily comments.
When I first joined (at the end of this week, I will be in his service for two months), my goal was to make a modest $800 to $1,000 each month. My hope was to make the $1,000 and come out of the year ahead by $12,000. With still one week to go to complete my first two months, I have profited more than $3,263. I have exceeded my highest hopes. The amount of money I have invested in any ETF trade varies. The most I invested was $34,000, but most trades have been from $22,000 to as little as $6,000. Doug's service covers more than 40 ETFs. I highly recommend that people check out the service that Doug provides, especially if you are interested in making money whether the market is going up or down. Raul G
I'm lovin the new service. Excellent communication, information and trade alerts. With your guidance I am hopeful to stay far away from the losers camp where I came from. So far so good. I really like your style and integrity.
My first trade with your service, I locked in JDST at 15% profit in less than 2 days! I was comfortable with that to get a win under my belt, although it may run further.
Most of my research and interest in the past has been in gold and silver, which is what led me to your ETF service and why I have mostly traded NUGT/DUST, but been reading the details you outlined on the UWTI call you made and it was phenomenal. Going to broaden my scope outside of precious metals and start paying attention to all of the other sectors you are also covering in your ETF service.Very happy I signed up for your service.
Something i would like to share with you: i took $20,000, concentrated on JNUG only. In and out with your signals- i have your service since 10/6 (wrote this 8 days later), I made $5500. Incredibly pleased.
I've only taken three positions: JNUG, NUGT, and TBT. After being stopped out and re-entering, I'm up almost $4K. For that gain, I paid $275.