Switch-Hitting with Confidence; Chess Moves

After previously scaling gains, I just sold more of my DUST (the triple-short ETF for the gold miners in the GDX) long at $15.66 from my $14.61 entry posted yesterday. My stop-loss is at my entry to prevent a winner from turning into a loser.

I am down to about 1/4 of the size of my original position, which was 4% of my trading portfolio capital.

Since 2013, I have mostly been playing the counter-trend pops in the precious metals and miners on the long side, since bear markets feature some of the strongest snapback rallies. In addition, I though there was a decent chance for a multi-year bottom in the complex. 

However, gold bugs have failed to follow-through higher to cement a major bottom, despite some profitable long trades for me to kick off 2015 back in January.

As a result, I felt compelled to be a switch-hitter and play the short side when the GDX lost its 50-day moving average. 

In trading, as in life, wonderful things can happen when you squash your ego, do not go on tilt, and focus on making correct decisions. 

With the final piece of DUST, I am simply looking to see if we have a big breakdown on our hands.