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.
Sold NatGas position @ 22.22 13.5 % gain
#1
Posted 04 November 2019 - 12:07 PM
#2
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
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
Posted 05 November 2019 - 02:38 PM
I've been buying NUGT today 27.40ish to 27.52
#5
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
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