just doubled-down on my NG position

god help me....





anyone have any thoughts on how the NG market really is right now?

once you discount the noise of course..(hedgie blow-up what??!?!)

 

long or short?

 

long.

 

I like it. I've seen multi-million dollar acounts blown out w/ short positions. You're in good position for a harsh early cold snap.

 

i know one of the banks bought Amaranth's NG contracts, but I wonder how many of them were liquidated in the past few weeks..

might be a reason ng has taken the hit it has.

 

Are you willing to continue to avg down? If so you could get a nice trade?

 

or slit my wrist....


this is a trade of conviction - i have enough capital to avg down 3 more times - i've done it 3 already.

i'm at the point now where i need the trade to prove to me i am right - show me strength - before i commit more capital. once i see strength, i will avg down on a retrace.

for the record i do not use stops when i have conviction on a trade - this is the only position in my IB account.

 

Which month you long? I am Nov

 

Anybody trading the full contract on globex? How is it?

 

dec and jan

also through ng equities