Posted by DigiNomad on 22nd of May 2024 at 02:17 pm
I don't think UNG will do well under a Trump presidency.
Supply likely to explode higher. But that's still a 5+ months
away way and assuming they actually have the election, count the
votes, etc. Hard to imagine the three letter agencies (FBI,
CIA, DOJ, etc) can risk letting it all simply play out after the
dude has promised to gut them. He's a very real existential
threat for many of them (as is Kennedy...maybe more so in some
cases).
I bought it for the chart, not for political stuff - was a very
objective long down there near that 1.5 level where natural gas has
always bottomed over the last 29 years since 1995.
I just play the chart - easier that way vs thinking too much
about politics and all the extraneous things that can hinder my
execution decisions- basically too much information overload makes
it more difficult to trade objectively by pushing you and pulling
in in different directions (what about this, what about that), so I
like to keep it simple
I don't think UNG will
UNG continues to power
Posted by DigiNomad on 22nd of May 2024 at 02:17 pm
I don't think UNG will do well under a Trump presidency. Supply likely to explode higher. But that's still a 5+ months away way and assuming they actually have the election, count the votes, etc. Hard to imagine the three letter agencies (FBI, CIA, DOJ, etc) can risk letting it all simply play out after the dude has promised to gut them. He's a very real existential threat for many of them (as is Kennedy...maybe more so in some cases).
I bought it for the
Posted by matt on 22nd of May 2024 at 02:29 pm
I bought it for the chart, not for political stuff - was a very objective long down there near that 1.5 level where natural gas has always bottomed over the last 29 years since 1995.
I just play the chart - easier that way vs thinking too much about politics and all the extraneous things that can hinder my execution decisions- basically too much information overload makes it more difficult to trade objectively by pushing you and pulling in in different directions (what about this, what about that), so I like to keep it simple
If you're trying to hold
Posted by DigiNomad on 22nd of May 2024 at 03:03 pm
If you're trying to hold longer term for tax purposes, time management, etc, the political stuff can be unavoidable (especially with UNG).
if you hold too long
Posted by mla127 on 22nd of May 2024 at 03:10 pm
if you hold too long it's the contract roll that will take care of you long before anything else if you ask me ...