My recent UNG loss trades

xiaofengfeng

A update on this trade,

Now holding 2000 shares at cost of $12.4. I am very happy that the last few days this hold here well.
Tomorrow, Thursday,  will be very important day for UNG.
1) Last trading day of Sep contract, this typically mark a point close to bottom
2) NG storage report at 10:30, recently the reports had been better than expected but everyone chase it after the report will be underwater, so be very careful.

Again, I think NG is close to bottom, but MM or other may push it further down. On the other hand UNG is very bad vehicle for trading NG, the contango is getting worse and worse. Trade short term only unless the NG really make a clear upward turn!

xiaofengfeng

Stop out at 10.58 on Monday, it's a big loser for me.

I know I shouldn't but I currently have the urge to get back in to win back some of my loss, maybe just I don't want to realize my failure on this trade.

ranchgirl

compare to you, I was "lucky"

my ung average price was a little less than $12. and cut loss at 11.27 and 10.72.

smartll

I feel you did not cut loss strictly based on TA.