just doubled-down on my NG position

Quote from sobemark:



the times i have lost big ..is when i was a bit too early and ran out of capital ....

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i live the exact same hell - i have always come in too early. with my psych, i have problems knowing that I missed out on a move. My answer to that was to take a _small_ initial position when I like a trade, giving it time to develop.


edit: for feedback, i think it's important to say something else: i do not use stops. I do not believe in them. I have seen ECNs spike-out my stops early-on when I started. After so many "anomolies", my opinion is that all stops do is provide liquidity to the market. f that.

I wonder to exactly what DEGREEE i am krazy..... :D
 
personally ...


i think you are going to be ok ...


however.. you may be tested ...

good luck to you ..i am watching the energy markets closely ..
 
Quote from sobemark:

personally ...


i think you are going to be ok ...


however.. you may be tested ...

good luck to you ..i am watching the energy markets closely ..
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i started this thread to get different perspectives on the energy markets - thanks for the feedback.
 
Quote from krazykarl:

oh i make no pretense - i am trading weak hands, no question. this is just the style that works for me.
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Weak hands means you try and get out if it goes against, then keep trying. You are holding as if NG is going to spike limit up any day and you just cannot miss it.

What have you been doing each month on rollover? Most people just can't stand -realizing- a loss (though it makes no difference whatsoever); however, if you're forced to sell to roll foward to next month, you are actively putting yourself in this hole each and every time. You must really have conviction!

(note: with NG at steep contango, don't longs that keep rolling foward lose more than what's on the surface? If we stay at the same price for the next 4 months, you will still be losing the "premium" (forgive my ignorance of the proper term) on each rollover, no?)
 
Quote from Arnie:

There was a guy on CNBC this morning saying it could go a lot lower and in fact was trading under $2 in some western/mountain states. This caught me by surprise. I have no idea what he was talking about. Is there some regional exchange that NG trades on out west?
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All region has cash market.
I think platts has the quotes for it
 
krazykarl, I trade in a very similar way and it works for me personally. I also hold 2 QG @ average price of 6.29. No sweat. 9-25 I will roll over and sit and wait. Do not let anyone scare you.
 
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