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Maverick - then that's fine. If it flattens it'll be a good move. If it steepens, then it won't. And it'll probably flatten more so rolling over might be in the best interest. I'm just answering his question, and throwing out an option.

You won't find it. If the cost of natural gas goes below their break even point the stock will more than likely shoot to the downside. Likewise of gas prices go ballistic, then they're stock will overshoot to the upside. It'll be more like a leveraged play.

That's what I implied. Thanks.

If you have a big long you want to initiate, have you thought about putting out a bid on one of the futures contract for 2017? You will still pay a hefty 50% premium and some spreads. You can't buy at current prices for future delivery. It's unavoidable and that's the cost of logistics.

Or in a few hours I should say.

Yea I'm closing the position tomorrow I think.

Yes, I was just doing the video on a whim, so my thoughts were not all that organized and the examples I was using was just a random chart of gold. I did ignore some examples of different kinds of breakout trades, and kinda categorized them into one lump of "this is how to avoid", but you have...

Yes definitely being able to spot distribution/accumulation is vital to understanding breakouts. I didn't include that in the video and in hindsight, I definitely should have. As far as failure/false breakouts, that's just semantics. I call them false breakouts and I know a lot of professional...

I apologize in advance that I ramble and have bad examples, but I do want people to watch it to understand the psychology of how traders trade, and what they can do to prevent losing money in the markets. I explain the mistakes that new traders make by focusing too much on the shorter time...

^pretty much what i said

I might be going out on a limb... I dunno.. But I'm gonna assume that he knows about the importance of round numbers. But developing a trading strategy on a theory of round numbers is far too risky and not so rewarding. And it's already so well studied that I find it hard to give you an edge in...

I do use round numbers as support/resistance, but that is just one of the levels that I use

Are you short?

Penny stocks are highly volatile, due to the extremely small market cap, it is easily to "manipulate" the price. Often you will get something called a pump and dump. Basically, some promoters out there will talk about how great the stock is and mail it out to a bunch of people. The people buying...

...and I'm out.. Saw a big move to the downside that I couldn't ignore. Got in at 4.78 and sold at 4.34 with 9% profit

Vale is a Brazilian iron ore mining company. Price has overextended itself in my opinion, and looking for some downside movement. I did a video on it.

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I know this is an old thread, but I didn't want to start another thread about amazon. Just posted a video about my thoughts and why I'm short AMZN

It closed at 109.58. The probability of it going back to 110 is far more likely than it going to 100 next week, that's for sure. However, I'm not sure you should say it will "surely" be up tomorrow. Not even the best technician out there will be able to be to tell you what it will surely do...

You make a very good point, a perspective that I hadn't considered. However, I do want to point out - inflation generally does lead to higher asset prices, but that does not mean it will go into the equity market. By depositing money in the bank, I think the savers are yielding -0.1%. So if...