If it makes you shorts happy I took a small loss and lightened up on my BOIL position @ 11.31 just to be on the safe side. I grabbed shares @ 11.15 to bring my average down but didn't take me back to break even so I decided to unload 1/2 my position for a 10 cents loss which is really nothing when you consider the big picture and the gains I made in the last few days. Short may want to get some momentum so I need to keep my powder dry. Congrats to the shorts they win today. ;)
...Your not alone...I'm long too again as of yesterday...bought more today...natural gas has not made new lows...lot's of fear mongering going on today...the future is bright...not going to fall another 90% from here...
Everyday is a new day. I closed my UNG position yesterday and sold most of my BOIL and grabbed more BOIL @ 11.15 now averaged in @ 11.41. I am only down a dime so not too scared. I think the shorts could get hurt just like the longs have been at some point and I want to be there when it happens. I only day trade NG or hold for a few days max unless I am sitting fat and a small position where I am willing to add lower. With that said I am prepared to stop out shares for a small loss / gain if I sense more weakness intra-day and will add lower. It takes some serious finesse trading to be long on NG so I appreciate your sentiment but no need to kick people when they are down. It all depends on your time frame.
These message boards crack me up. I banked on shorting silver yesterday with ZSL but didn't have the desire to go the SLV board and gloat about it and tell the longs how much of an idiot they are. I am holding plenty of physical silver and bullish long term still on silver but the opportunity to do a short short term trade was there and I grabbed it and was rewarded accordingly. I feel the same way about NG. I congrat the shorts for giving me an opportunity to go long lower and hopefully they made some money too.