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United States Natural Gas Message Board

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  • xtradersdotnet xtradersdotnet Mar 1, 2012 2:25 PM Flag

    Has one of you ever made money on UNG being long?

    ya my account went up 33% since jan thanks to some posions in BAC, FAS, LCC and UAL they got big pops, so i sold them all and with the dow hitting 13k, gold at near a top, oil at a top, Europe in a mess and yesterday message from the FED, its just does not feel right to have a lot of $$ in it right now, to be exact i am 65% cash, 20% long and 15% short, with some of those long and short postions in everything from TVIX, 2,3x funds, options and equites.

    i learned long ago there is always a time and a place to make a trade and just be happy with what you have and dont try and make a million by "going all in" or the good old "double down" and anytime you use the word "I HOPE" then you are in over your head. That is the good thing about the 2x 3x funds, they are short term trades that move alot so you dont have to put a lot of capital in as long as you manage your risks.

 
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