I've been doing a few 10 cents move so far and it's been great. Just this morning I bought @ 3.24 pre-market, and sold @ 3.34... Same thing twice yesterday. It works until it doesn't!
Same here, got in pre-market @ 3.16, sold @ 3.26, bought again @ 3.24, sold @ 3.34... I had an order @ 3.24 which never went through. Maybe a nice sale tomorrow morning pre-market?
Yes somehow I agree with you, that's why I'm long DGAZ at the moment even though I'm scared of the big guys ;-) I don't see how NG can go any other way than lower with warmer weather coming.
I personally find that the only way to trade these ETF is to only act on pre calculated moves. You set your price targets, stops etc, and don't let emotions or fear take control. If you don't set stops, then you gave to be willing to lose all. The problems start when you starting reacting on the fly.
Well, we all know right now what's important is not fundamentals, but where we think the manipulators will push NG. That's the real game. I'm sure the big guys have the capacity to push NG higher against fundamentals one more time, before March is over.
Yeah but went back in too high @ 3.40. Very hard to find the lower range with these crazy 3X ETFs. Who knows, this piece of #$%$ might go down to 2.50 if NG gets crazy.
It's just a big casino. I might get pounded 10% tomorrow. I just feel that overall in the middle term there are more reasons for NG to drop than to go up.
You can sell short any ETF (if your broker has available shares) but it won't affect the PPS. You can't massively short an ETF to drive the price down. You have to short the underlying index or equity. For example, shorting gas futures would be the way to drive DGAZ down, indirectly.