Natural gas looking like MEME stock!

Discussion in 'Commodity Futures' started by S2007S, Sep 28, 2021.

  1. S2007S


    KOLD is looking awesome. Bought some after that ridiculous drop. Anytime NG surges you know it's right back down.
    #31     Sep 29, 2021
    KCalhoun likes this.
  2. zdreg


    what drop? what price?
    #32     Sep 29, 2021
  3. jyama


    I like your idea. I also like the Nord Stream 2 as a catalyst to price action.
    Gazprom? ticker OGZPY volume is only 400k though?
    As always I appreciate any help. Thank you.
    #33     Sep 29, 2021
  4. Nine_Ender


    Nat Gas on the week has gone from 5.16 on Friday 4 pm to 5.46 now. In fact, its at a previous level now after today's drop so it may reverse. Meanwhile the TSX stocks in this area are on fire and some are basically at yesterdays highs already. You seem to lack perspective. There is no way you know what Nat Gas will do overnight from here. I took profits on all my Nat Gas stocks today and will consider rebuying when things settle one way or another ( sold BIR, ARX, and CVE; used to hold CR but I sold that early ).
    Last edited: Sep 29, 2021
    #34     Sep 29, 2021
  5. KCalhoun


    Right, I'm swing trading KOLD too and will martingale scale up every $2 or so. Trailing stops near 2d lows.
    #35     Sep 29, 2021
  6. comagnum


    NG has been a wild ride for sure.

    #36     Sep 30, 2021
    tomas262, ITM_Latino, yc47ib and 2 others like this.
  7. Nine_Ender


    KOLD -14%. I warned you. If you are going to day trade these things why did you not respect the potential support level on nat gas we sold off to yesterday ? Here's the real lesson though the idea to scale up with leverage isn't appropriate for a commodity etf. You either hit the trade hard on the move or forget it. And do not listen to gamblers like S2007S who don't do a speck of research.
    #37     Sep 30, 2021
  8. themickey


    Gazprom has a low turnover but it is an EDR/ADR and with the largest market cap of any natural gas stock that I'm aware of.
    I think maybe more people don't trade ADR's because they maybe complicate tax, not 100% sure about that though.
    Gazprom is held largely by two entities, The Russian Federation and Bank of New York Mellon.
    #38     Sep 30, 2021
    jyama likes this.
  9. jyama


    thank you. I appreciate the help.
    #39     Sep 30, 2021
  10. KCalhoun


    Which is why i start tiny.

    I bought 20@6.17 + 30 @ 6.41 which i sold for a small profit @ 6.77

    I am still holding on to 30 I bought at 8.25 which is down by < $40 bfd

    one lesson learned = when u lose, lose small. and im holding to sell l8r :D


    aint losing sleep, Im fully expecting to sell at profit, will scale to 1k shares as it breaks 10 l8er

    ps what's research? Ima pure price action trader :D
    Last edited: Sep 30, 2021
    #40     Sep 30, 2021
    ITM_Latino likes this.