Gold Gets Hammered

Gold got smacked hard today and DGP closed well below my stop. That will happen when you're using a tight stop on a leveraged ETF. I'll close out my DGP trade in the morning. I will update this post after the trade is done.

Update:

Gold is bouncing a bit this morning which gave me a bit better of an exit point.

• Sell: 50 shares of DGP @ $56.08

I finish this trade with a gain of $5.22(10%) in about 2 months.

The Numbers

• Cash: +$2,804
• Long Stock: -$2,804