Posted by frtaylor on 27th of May 2015 at 10:48 pm
Apart from the question of whether there is a solid long trigger
on the daily (there isn't), UNG is a lousy instrument because of
the slippage due to the nature of ETFs, with UNG being a
particularly egregious example. So, given the slippage when
holding, I would not want to hold UNG for a long time unless I have
a clear trend reversal to positive, with a higher low to use as a
stop. I'd even rather hold a long-dated call or call spread.
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UNG
Posted by prvtii on 27th of May 2015 at 03:12 pm
Thoughts on UNG? holding MA but below other MA's. May be premature for a long?
Apart from the question of
Posted by frtaylor on 27th of May 2015 at 10:48 pm
Apart from the question of whether there is a solid long trigger on the daily (there isn't), UNG is a lousy instrument because of the slippage due to the nature of ETFs, with UNG being a particularly egregious example. So, given the slippage when holding, I would not want to hold UNG for a long time unless I have a clear trend reversal to positive, with a higher low to use as a stop. I'd even rather hold a long-dated call or call spread.