When I said..."This is the angony of MG trades", I meant "OMG", which happens on a lot of ETF trades and many equities.
Late Tuesday my Wednesday expectation was $4.14 for HND, that has occurred. Speculation chase and fear drive the trade once past the intra week mid point post report. That price is established as $11.50, with a bull side bias 5%, to $12.00 a steady position for next week. Above is overbuying next report unless underlying research is at 80% certainty to trader of "beyond a doubt direction" of price. Without, we are betting.
Now there are some good traders doing day trades and their trades will conflict with a longer term bias. This is where I see the immaturity on the BB - stupid remarks about another trader. Place them on ignore after you give them 3 penalties. I do and NG board looks a lot cleaner when I post. LOL, maybe it is why I think there is less traders on HNU bullboard than before.
As to a paper trade, done at $11.90. I will sit on bid here at $11.77 for a 1/3 reposition on NG long. Will complete another 1/3 before report unless it does not makes sense and Friday appears to me the better opportunity.
Keep in mind a lot of traders see this going higher. At some point NG will take off for a new high next week and buying upside trend is not so bad.
GLTA, shooting above $14.14 as I type. Cheers Manxcan