+32R in $NUGT: Look Beyond Equities
$VanEck Gold Miners ETF(GDX)$ is still pushing higher, with $Direxion Daily Gold Miners Index Bull 2X Shares(NUGT)$ now at +32R. The pre-market action is adding even more strength to the move.
This is shaping up to be a commodities and crypto week, so I’m widening the net beyond equities. 🌎
When one part of the market isn’t working, there’s no reason to keep forcing trades there.
I lost nearly -1.4R across three separate attempts in $Dell Technologies Inc.(DELL)$ and $Hewlett Packard Enterprise(HPE)$ — two full stop-outs and one breakeven.
The worst thing I could do now would be to become emotionally attached to recovering those losses by repeatedly forcing breakout or mean-reversion setups in the same names.
The market doesn't owe me a recovery.
Instead, I’m looking across asset classes for where the strongest opportunities are developing.
🎯 On the Radar
🥇 $VanEck Gold Miners ETF(GDX)$
⛏️ $VanEck Junior Gold Miners ETF(GDXJ)$
⚪ $abrdn Physical Palladium Shares ETF(PALL)$
🪙 $SPDR Gold ETF(GLD)$
🚀 $Direxion Daily Gold Miners Index Bull 2X Shares(NUGT)$
🚀 $Direxion Daily Junior Gold Miners Index Bull 2X Shares(JNUG)$
Stay flexible. Don't fight the market just because you lost a trade.
Cast a wider net, follow the strongest themes, and let the next opportunity come to you. 🎣📈
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