I'd prefer get the charts out to show you why first, but volatility is so sensitive that the time it takes to get the post out can mean a pretty sizable difference in the fill.
The long UNG equity position is still open, I just feel the short term probabilities are leaning more in the direction of slight pullback in which case the trade can be run all over again for another 25+% in a couple of days.
Here's the final position...
We have the ticker, description, size, cost basis, current, change, market value. P/L and % P/L
The fill was at $1.10 so it's 26.44% on top of the earlier 25% and this is about 2 days of market exposure.
Here's why...
1 min intraday in a leading neg. position, this can lead to a consolidation like today, but...
The same negative as seen from 1 min to the 5 min and everything in between, this suggests a short term pullback and there is the gap below.
At 10 min we are still leading positive so with an option that long you could ride out the pullback, but if the probabilities look higher, why not just take the profit, open a new position if you want to at better price and do it again?
Is interest rates about to start going up?
-
Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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