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Oldinvestor

Shorting UGAZ - The Dangers and controlling the risk, Part 3This is a supplemental chart to the following post: Part 3 - How to Protect - Cover the Position ngetf.com This article is a continuation of a series where I've been exploring options to improve upon the idea of shorting UGAZ. Rather than just short the ETF alone and protect against a move backward, I am looking for a way to cover the short position by taking on a spread instead. The chart included isn't much for details this time. Most of my results are shared in Google Sheets. These documents can be found in the article linked above. The previous articles can be found at NGETF.com/notes. Thanks, and I hope you find some of this data useful Oldinvestor
NYMEX:NG1!Education
by oldinvestor
Shorting UGAZ - The Dangers and controlling the risk, Part 2This is a supplemental chart to the following post: Part 2 - How to Protect ngetf.com In the above post, I use the UGAZ chart to find the worst case scenario for shorting. In the first 371 days from Dec 21, 2017 to Jan 3, 2020, a short position will see the largest move UGAZ has ever made against a short position. In the next 371 days, the same UGAZ short position will go on to make more than an 80% gain. As anyone holding a short position should know, the amount of funds dedicated to a trade is critical to prevent blowing up an account. I begin with this, limiting a short position. In the coming posts, I will expand to using UNG or Natgas contracts to cover the short position. Also in this chart, I've marked the chart from Nov 1 of each year to near Feb 14, to point out the max backward moves for each winter. 2014 goes past 14th of February by 10 days, something that will not be missed when I get to analyzing the rest of the chart. Oldinvestor
UEducation
by oldinvestor