Update on the Miners Trading System

Both systems are long NUGT as of tonight's close. NUGT actually showed substantial underlying improvement today and closed well off the open. I was hoping that the system wasn't going to call for an exit after looking at the NUGT chart.

The current stop-loss (on a closing basis) is at $27.41.

For risk management/position sizing purposes, the statistics show that the worst draw down on a bad trade is about 8% (not the average) so you can roughly use that figure to calculate risk in your position sizing.