$MicroSectors Gold Miners 3x Leveraged ETN(GDXU)$
💰 GDXU Swing Trade Complete (+2.7% Gain) 📈
Another quick, tactical in-and-out on GDXU from late June! I initially scaled in with 5 contracts at $94.20, but as the 3x leverage volatility kicked in, I aggressively averaged down with 15 more contracts at $83.50. This brought my total position to 20 contracts and lowered my average cost to a much healthier $86.18 (Total Cost: $1,723.50).
Flipping the position just one day later, I caught the bounce and sold the entire lot at $88.50 for a total return of $1,770.00. This secured a quick +$46.50 gross profit (+$2.32 per contract) in roughly 24 hours. Just like my earlier June trades, averaging down into the dip paid off when the rebound hit. Staying disciplined with these leveraged ETFs is key—take the green and move on! 🚀
Reminder: 3x leveraged products carry high volatility and daily reset risk. Not financial advice.
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