Special Alert: Book Quick, Double-Digit Percentage Profits
With ProShares Ultra Gold Miners (NYSE:GDXX) up over 18% since our purchase yesterday, let’s take some quick profits and sell this position. The related gold option pick is up 15% but let’s give it a chance to rise yet further. As we mentioned in our special report for ETF Trader’s Edge, leveraged products move fast and need to be traded opportunistically. It is best to sell leveraged positions such as GDXX when you can, not when you have to do so.
We still see a lot of supercharged profit opportunities out there, so be on the lookout for more recommendations coming soon.
Jim Woods is a 30-plus-year veteran of the markets with varied experience as a broker, hedge fund trader, financial writer, author and newsletter editor.
His books include co-authoring, “Billion Dollar Green: Profit from the Eco Revolution,” and “The Wealth Shield: How to Invest and Protect Your Money from Another Stock Market Crash, Financial Crisis or Global Economic Collapse.” He’s also ghostwritten many books and articles, as well as edited content for some of the investment industry’s biggest luminaries. Read more about Jim Woods.
