Re: Nat Gas ETF Trade Again/Hal.
Yes the runs from the 'bottoming patterns' have given up about $1.75 on each run up. And each one has had resistance to get through. I would expect this one to be no different other than with the higher low price should run up to the 12.10 price resistance on the chart. I thought this was a good trade even after getting out on the pullback. But I have a rule that what I think,hope for,believe or think I know for sure will not allow me to hold a losing position. So after the bounce off the falling 20ema and breaking that flat bottom of the pattern I had no choice but to get out. I can accept that and have made that back and then some with some market ETF trades. It's a good rule and has served me well even in cases where what I believe still occurs. Gotta have rules to survive and that's my main one.