2/17/23 - Energy Market Trading Journal - Gain of $120

Today's Results

Today was a very un-stressful day in the stock market. I started the day out with approx $1,500 in KOLD which bets that Natural Gas prices will fall at 2x leverage, and $1,000 into BOIL, which bets that Natural Gas would increase at 2x leverage.

Around 6am CST when I woke up I saw that Natural Gas was falling. I sold my 200 BOIL shares at 5.56 a share. I took a lass on this trade since I purchased them yesterday at 6.06 per share.

Since Natural Gas was falling, I chose not to sell my KOLD and to allow that to rise through the morning.

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Knowing that Nat Gas prices have been peaking around 11am this past week, I decided to sell my 30 shares of natural gas around 11am at 69.92 a share. I purchased the shares yesterday at an average price of 63 dollars per share so this was a big win today.

After I sold my KOLD, I balanced by portfolio by buying back equally, betting both that Natural Gas will rise and fall at the same time. I do this so that I do not have to sell. By betting both sides, I always take both a win and a loss-- thus leveling out my profits and losses for the remainder of the trading day

I am now holding:

$519 of UNG (Which bets the price of Nat Gas will rise with 1x leverage)
$510 of BOIL (Which bets Price of Nat Gas will rise with 2x leverage)
$1077 on KOLD (Bets the price of Nat Gas will drop with 2x leverage)
$817 of DRIP (Which Bets that the price of Nat Gas and Oil will go down at 2x leverage)

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A look at UNG

UNG took a big hit today. It's been holding steady at $2.5 since February 3rd. Today's drop to 2.275 is not a drop that we have seen since August of 2020. Without any support, it's a lot harder for me to make a guess at what the stock will do over the weekend. If recent history is any teacher though, I might expect it to continue the trend downward.. 

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My Plan for next week

My plan for Tuesday will be the same as today. I will wait until 6am to determine what the initial trend is for the day. I will then sell stocks which are going against that trend, and try to ride the trend again until sometime around early-noon, and then look for signs of weakness before I sell again.

I still need 1 or 2 more big win days in order to make up my 450 dollar loss from earlier this week so I'm not in the clear yet!


Thank you for reading my Energy Market Trading Blog. See you!

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