iBankCoin

Technical Analysis with chessNwine

chessNwine
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Took Advantage of the Morning View

chessNwine Thu Aug 7, 2014 10:11am EST 4 Comments

xanN7SP

In front of the natural gas inventory report coming up at 10:30 am EST, I sold my long UGAZ position inside 12631.

I had previously discussed my thesis for playing the levered long natural gas ETF earlier this week, if only for a quick scalp from beaten-down conditions. I still think natty may have more room to bounce, but I would rather take down the quick win here than gamble through the report.

Here was my note to members:

Sold $UGAZ Long @ $16.04 from $15.17 entry in front of natural gas inventory report for a win. May seek reentry after the report and reaction.

Email this to someonePrint this page
If you enjoy the content at iBankCoin, please follow us on Twitter

4 comments

  1. dazedflip
    dazedflip
    August 7, 2014 at 10:20 am

    I was long at 13.59 and sold at 15.05. Sold a bit early but overall was happy with the trade.

    • 0
    • 0
    • 0 Deem this to be "Fake News"
  2. bear54
    bear54
    August 7, 2014 at 10:39 am

    Chess
    Do you think CAT can maintain this momentum?

    • 0
    • 0
    • 0 Deem this to be "Fake News"

© Copyright 2007-2024 iBankCoin All rights reserved under penalty of bodily harm. DISCLAIMER: This is a personal web site, reflecting the opinions of its author(s). It is not a production of my employer, and it is unaffiliated with any FINRA broker/dealer. Statements on this site do not represent the views or policies of anyone other than myself. The information on this site is provided for discussion purposes only, and are not investing recommendations. Under no circumstances does this information represent a recommendation to buy or sell securities. DATA INFORMATION IS PROVIDED TO THE USERS "AS IS." NEITHER iBankCoin, NOR ITS AFFILIATES, NOR ANY THIRD PARTY DATA PROVIDER MAKE ANY EXPRESS OR IMPLIED WARRANTIES OF ANY KIND REGARDING THE DATA INFORMATION, INCLUDING, WITHOUT LIMITATION, ANY WARRANTY OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE. Privacy Policy