11Feb3:13 pmEST
Closing Out a Big Two-Day Winner; Chess Moves
While the snapback rally in natural gas may very well continue tomorrow morning, it will have to do so without me.
Into the final hour of trading, I sold out of the rest of my UGAZ long at $3.03 from Monday's $2.51 entry (noted in this blog post) to lock in the rest of the win.
I may very well revisit the long natty trade again this week. But there is a EIA report tomorrow morning, which has me wanting to protect the big win.
In these types of markets, it is important to lock in the big winners when they come, so as to more than compensate for the inevitable series of small losers my style will take.
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