2/21/23 - Energy Market Trading Journal - Gain of $103

 Another good day betting on KOLD ETF

Today was another easy and stress-free day trading Natural Gas. Natural gas was showing signs of support holding at a price of 2.55 Feb 3rd - 14th but the weakness shown on the 17th proved that the bottom is not in yet. The next support now is something like 1.7 so We got a good 35 points to go down still.

Today I ended the day by selling off my KOLD to take profits. I then decided to put 300 into the SPXS which bets that the S&P 500 will drop. I also put 200 into SQQQ which bets that the Nasdaq will drop. These are small amounts so I don't have to pay attention to them too much.

I also decided to buy back in to KOLD with 400 dollars to hold over-night. 


Plan for Tomorrow

Tomorrow I will do the same as today. I will attempt to hold KOLD as it continues to rise as the price of Nat Gas falls. I will also hold onto my SPXS and SQQQ long-term unless I begin to see signs of strength in the Nasdaq and S&P 500.

Thanks for reading!!




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