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

Manufacturing Runs

Juan Pierre

I took off a piece of my UGAZ (triple-levered long natural gas ETF) just now inside the 12631 Trading Service, at $16.41 from my $14.95 entry. I discussed the thesis and trade on this blog last week and over the weekend in my Strategy Session.

I am up nearly a quick 10% on it since my entry last week. So, I elected to trade around it and lock in a win for part of the position, especially considering the whippy action in equities today.

I suspect “manufacturing runs,” or winning trades in lieu of home runs, will become (if it has not already been) the name of the game this autumn.

Headed into the final hour, I still see some small cap weakness as a drag on the tape at-large.

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  1. Raul3


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  2. Shawnji

    Nice trade Chess.

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