This AM open 30 min I bought UGAZ at $18.14 (HND -$3.94). It was a follow up plan to my prior posts. Going through my posts of Jan 31, I was committed to sell the low entry buy made on HNU and look for 4% to 12% by Fri. Two hrs into trade day I took the exit on HNU at $11.74, up 7%. True to my trade plan I was flat on weekend. I would commence to buy D side.
Yes, missed holding for the 12% up from HND $10.93, =12% = $12.24. This AM HNU hit $12.24. I previously mentioned if shivering in New York, we may see HNU $12.50. I will not risk trade on HNU at report to see if that occurs.
From here, it is my intent to add 3x to D Side position post report, possibly a little more today. Tweaking plan entry. I don't need to bet on NG. If early for smaller portion I must respect an overshoot following report is possible. Thus if NG climbs post report & HNU goes to potential $12.50 or an overshoot price price of $13.50 I will be patient on last entry. Once that 3x (last 75%) goes in it will be held but on a tight leash to take an exit if necessary.
Completing the day, if NG spot commences to fall late day, say HNU to $12.02 (2 cents above Tuesday close), I would add since that is adding to a winner trade direction on my early AM entry. Why, because late day the close could (not will) hit $11.70 on intra week volatility and NG weankness.
Will see how plan works. GLTA Cheers Manxcan