Comments on: /NG UNG Nat Gas Trade Setup 5-12-25

By: KevinK

KevinK — Mon, 12 May 2025 19:59:34 +0000

In reply to rsotc. Made some money, caught some of the up move...lost most of it shorting the rest of the up move.

By: rsotc

rsotc — Mon, 12 May 2025 15:38:47 +0000

In reply to KevinK. Absolutely & we were long for the bulk of it, covering our shorts there & reversing to long. Hope you caught some or all of it and/or the 26% drop into the April 7th lows. Been an extremely profitable year for swing trading so far & I strongly suspect the rest of 2025 will be as good or better.

By: KevinK

KevinK — Mon, 12 May 2025 13:38:46 +0000

QQQ up 25% since the low of 402 on April 7

By: rsotc

rsotc — Mon, 12 May 2025 13:38:09 +0000

The last part of the final sentence in the post above was cut off before the post was sent by email. Should read in full (unproofed, including typos/grammatical errors): "No change in my outlook or trading plan for the Nasdaq 100. Looking for a nice fade of today’s gap up at the open but my plan remains to wait for a break of the recently highlighted uptrend lines on SPY & QQQ as well as the top indices & market-leading stocks as well as QQQ & SPY back below the 200-day SMA before adding to any swing shorts and/or waiting for QQQ to clearly start moving above the key 500 resistance level (including at least a 1.5% or better close above today) before starting to scale out."