Highly volatile. Large gains fast if you can nail it. Cut to ribbons if you try and miss. (I know of 2 big players who got wiped out in NatGas market... one on the long side, the other on the short side. Not a market for amateurs.) Good Luck. FWIW...
do you remember what they were doing that wiped them out? did they hold over the weekend and it gap hard or what?
In one case, it was leveraged longs... before the market tanked... a multi-month collapse in price.... into which they kept averaging down. In the other it was highly leveraged naked calls before an "out of the blue", one week spike in price. The first one was in the news... a high profile player who had been long from ~$22, if I recall, and kept averaging down until they could no longer meet margin requirements. The second was smaller... only about $250 Million in a commodity fund... a partnership, if you will. It had been courting me as an "accredited investor", but I didn't bite. Good thing, as they not only wiped out all of the assets of the fund but the investors/partners were liable for margin calls beyond the value of their individual account. (The fund manager was very apologetic to all of the investors, of course, but that don't mean SQUAT when the SHTF!)
Mr Cordier is still living like a prince in Tampa, Florida. Nor did he have to declare bankruptcy. I assume most of his own money was not at stake. Is that a Rolex he's wearing? Absolutely NEVER allow anyone to manage/invest your life savings.
Overnight has tried to explain NG’s deadly kiss, why am I so attracted to it like a moth to a bug zapper?
With a decades long interest in meteorology and climatology, Natural Gas has been a natural draw for me. It has been fascinating to watch sudden flips in weather models, and the instant panic in this market, due to an impending worse than expected cold snap or heat wave! Or a hurricane exploding much stronger/faster than expected. I have never lost any catastrophic amount in it, did not create a widow yet, but my positions have been modest as I keep learning, often using UNG options. With the new Micro NG I will be tinkering around with that contract from time to time as well. It was also interesting to see that NG market sell off pretty heavily today, but many associated stocks like EQT and Cotera did well, not too often I see that happen. In the past Natural Gas was more of a domestic market, but now with the explosion in LNG trade, and how incredibly dependent Europe has become on shipments from the US, Qatar, etc., it is increasingly a geopolitically impacted market as well. Which makes it even more interesting ... and at times, risky!
Why call, the phones will be turned off, you effen scum!! I read the body language and listened to the fake apology in this video. This guy has no sincerity, no compassion, no honesty, and takes no blame in his failures!! He could have dressed down, been sincere, and took blame for his failures, but he does not care about his "clients!" Just because you name people does not mean that you care (he obviously does NOT!). Like someone already stated, "He is still living like a prince" in Florida, so screw the clients. That's my professional opinion of this weasel! The domain name is already for sell on the internet!
I truly do not believe that will ever happen again. I think April 20, 2020 was a planned and coordinated effort to enrich the pockets of a certain few entities, which the CME was complicit in making happen. Yes, I know there are no more breakers in place to prevent it from happening again, but something was too tidy and neat about how that went down. It "smelled" of skulduggery and caught everyone unawares, and they simply puilled a CYA in the 3-4 weeks leading up to it.