I mentioned that there is probably a LONG natural gas & SHORT Crude Oil hedge trade going on. The energy Complex, most specifically; Natural Gas, is in a seasonal BULL phase with Hurricane season approaching.
I'm not sure what is crazier, The price of Crude Oil or buying a Crude Oil ATS off of eBAY for $2,000???
I missed an easy setup
I missed the 2nd leg down going to the bathroom, I had to trade long scalps. Pretty tough with a market down about 300pts. My long YM scalps were golden, but I screwed up on my NQ long that I averaged into.
I put on these positions a long time ago on the simulator, the positions were at an all time high yesterday, over $7,000, and then the unemployment # came out. What did you expect? The market to crawl up everyday with no worries along the way?
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