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Nat Gas: How I would have handled the trade

For those that would like to know because there interest in trading and asking with a good attitude a honest question how I would have handled the Nat. Gas call if it had been a real trade. My answer is...

I already hand my stop idea in mind as I was looking over the chart. Once the order was filled my stop would been just above the high made on 2/17 at 3.98 thinking the market would not trade that high and a continued down trend would occur the next day with very little movement to the up side ADR

Unfortunately that was not the case, Nat. Gas traded much higher on 2/22 than I expected and would have stopped me out with a loss.

I am still bearish and can try another entry upon looking at the chart and find my entry method again.

What I am seeing on many of the charts covering a wide range of commodities is charts that are risky to trade, lot of wide swings and spike bars (volatility) This is not good for market entry or trading using stops.

Markets are still uncertain because of a our in experience socialist President and the world affairs along with all the middle east problems. Like riding a horse through rattle snake country, they get very jumpy, uneasy and will bolt on you in a heart beat.

Happy trading.


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Nat Gas: How I would have handled the trade