Maybe he closed his NG short and went long at that record-low level and held the long until now. So he might have made money from closing that short and if he held the long and tp'ed during the summer of 2022, yeah he would've made some money since NG went through the roof during that time with the War in Ukraine and all.
Hello Simplemelike.... Your grandpa could have been blind, but his words have the vision of the ages.
That was a good video. I believe everything he said was true. He speech was fluid and quick. I like what he said about everyone trying to pursue what they are good at. It was a good story, and the guy has an amazing lifestyle.
NG might catch a stronger bid soon with BakerHughes Weekly NatGas Rig count plunging. And seasonality often typically brings higher prices starting around early July.
No, it wasn't. It didn't say anything about if it was his money, the firm's money, what was the return on investment, etc. X return may sound impressive but if the money risked was 10 times X, then it is not so much.
90% sure he is legit as a nat gas trader. He does location spreads by scheduling pipelines, locking in a profit for transportation and then when he feels there is juice up or down in one location, he lets a bit of the spread unlocked for upside potential. He also stores underground when it is dirt cheap and waits for the market to rally, probably locking initial storage profit as well. His firm has an edge / business and he is probably a good trader as well, as an employee with no real downside potential on his wealth( I would like to see his no stress attitude trading his own money...). I actually did the same kind of trade as him on natty in 2020, the logic was sound. He is probably losing money on his other endeavours like Rafa racing, just like Chicago pit traders of the 80s opening high-end restaurants. I didn't check his linkedin page, it sounds weird if he sells courses...Good interview,good things to share, good inspiration and attitude. Definitely talks like someone who has found success in life. Probably regrets doing this interview now...LOL
I assume he was talking about what occured in july and august of 2020, 4-5 months after covid started.
Perhaps some particular location went nuts on top of that. You can have Waha trading negative while New England is at 16$