3/6/23 - Energy Market Trading Journal - Gain of $135 / 4%

A good day of Natural Gas Futures Trading (NGJ3, KOLD, BOIL)

Today was fun. Over the weekend Natural Gas went from 2.8 to 3.0 and then before trading hours Monday morning it continued to fall down to 2.7.

I started the day holding $3,000 in BOIL and KOLD. Immediately at 6am I sold my BOIL since I was predicting the price would continue its trend down which it did. At 9:44am I predicted the price had bottomed out at 2.57ish. I sold there and took my KOLD gains. Then I bought back into BOIL. The price actually bottomed at 2.56 at noon before going back up to 2.602 to end the trading day. 


Predictions and plans for tomorrow:

I think it will bounce down to 2.5 overnight before it bounces back to 2.8 or 2.9 tomorrow. In the morning the price will hopefully be on the rise, so I will drop my KOLD and enjoy the ride up! I will sell BOIL when Nat Gas reaches 2.8ish and starts to show signs of losing momentum.


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