Sunday, November 3, 2019

Natural Gas Short From Thursday: Abort, Abort

It looked good for a while but when the price is acting like this (note gap up, top right):

https://www.tradingview.com/x/jY4GPpDY/
It's time to repeat the battle cry as we exited a WINNING trade (long 2.166 to 2.60):
"He who fights and runs away, lives to run away another day."
Or something

If you are getting gap moves against you, get out. The market is telling you that either your thesis or your timing is wrong.
2.794 last up 0.08

Thursday Oct. 31:
EIA Natural Gas Storage Report: Time for a Short
2.686