As I am reading all over the post to grab or I am entering UGAZ slowly or 25% entry already. My question to all NG traders, is why not wait to the bottom? IMO NG 3.286 range is a must, even lower. Just enough limited bottom to provide smart talks between purchasers and provider of energy for extended contracts. Weather is mild and custom weather charts keep warning for a small heat wave, each week the weather alarm points vanish. Now a smart NG trader who earns harsh returns, sits and waits. My account 125% UGAZ and 125% DGAZ long and 46% scalping. When your sitting at the helm and cash is simply collecting dust, this is the point you smile, waiting patiently, rem you account should have earn some returns. Rem 1.5 months ago DGAZ returns not one time to 8 ish range, but repeats the trend twice, some said hey Air you so full of pooh, you lol now? Read this again 8 ish entry DGAZ and 17 ish today, do the math... Rem here I am a long trader and do short some using different accounts, how many are still holding 8 ish DGAZ purchase today? Good Luck All!
I saw on one of your earlier posts that you would be going into NG heavily at 2.90. Why do you think that is a floor? From what I'm reading ever improving fracking processes are leaving us awash with NG. Supplies are increasing faster than consumption.
Just wanting to get in at the right time. Thanks in advance.
Who purchased UGAZ in the 15 to 17 ish range.. Your account looking like a puppet ahhhhhhhhhhhhhhhhhh. Any entry for long should be in the 12 to 14 range UGAZ. Sit tight with king cash and wait, next week worse case. We have two to three weeks of decay IMO... MY DGAZ looking nice, how about yours.
Sold all my DGAZ At 16.50 like a dummy,but this dummy is sitting all cash for a little for a little UGAZ and NUGT when the time comes. Also bought a little HK. Took a loss in UGAZ 2 weeks ago. Got all caught up in the heat wave by the media saying power plants were having trouble keeping up with demand. Damn you NBC! GLTA