Gold Miners Trading System-Signal/Stop

Last night I put up a signal from the first NUGT/DUST trading system, as I explained, it was the original system and I've made some improvements on top of it, but I left it up to you as to whether or not you wanted to take this signal.

The trade should have been executed on the open today and despite what you may have paid for DUST, the 3% stop rule which is pretty effective n dealing with false signals, is calculated off the actual opening price of $43.46 so the stop ON A CLOSING BASIS AND EXECUTED THE NEXT MORNING ON THE OPEN, is $42.16. This is not an intraday stop, it's not a stop to be executed the same day as the signal, it's always executed the next day at the open.

So system 1 (the original) is now long DUST and effectively short the gold miners. I'll alert you to any changes, whether it be a stop, a close of the trade at a profit or a new trade in NUGT.

Remember, the average losing position is about 2 days and the average profitable position is about 5 days.