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Sold NatGas position @ 22.22 13.5 % gain


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#1 skott

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Posted 04 November 2019 - 12:07 PM

sold the remaining 80% of my natgas position, UNG, @ 22.22 for an overall 13.5% gain. It could still go higher but it could also crap out right here. NATGAS is very unpredicable (weather related) so I want to free up funds for something more reliable.



#2 robo

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Posted 04 November 2019 - 01:41 PM

sold the remaining 80% of my natgas position, UNG, @ 22.22 for an overall 13.5% gain. It could still go higher but it could also crap out right here. NATGAS is very unpredicable (weather related) so I want to free up funds for something more reliable.

Nice trade!  I'm trading some FCG.....

 

https://www.traders-...o-frenzy/page-3


Edited by robo, 04 November 2019 - 01:43 PM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#3 skott

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Posted 04 November 2019 - 08:23 PM

oh, I stepped away from natgas completely but this in no way means that I don't think it CAN go higher. my goal was to make a profit and to hedge my stock market shorts. that worked although I am still short stocks. I prefer to start leveraging gold miner positions again. I have more reliable signals for that. Miners are equities, Gold, NatGas, etc are commodities. They are in general harder to predict. Natgas could alot higher or crash back down. If I had to guess I'd say it will go higher, but I'm out and won't be going back in. Good luck


Edited by skott, 04 November 2019 - 08:24 PM.


#4 skott

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Posted 05 November 2019 - 02:38 PM

I've been buying NUGT today 27.40ish to 27.52



#5 skott

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Posted 05 November 2019 - 02:42 PM

I think the stock market will roll over this month... November. I make no prediction for a huge crash. I don't know how big, probably 12-15% in the QQQ but could be larger and of course I could be wrong



#6 skott

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Posted 06 November 2019 - 11:13 AM

added the last of my NUGT purchases today @ 28.41.  A move above 31.70 and this thing will really run. hold for months if this is your only holding. for me it represents the trading portion of my gold miners position