NGL Energy Partners LP (NGL)

[jugs]

17,363 units of NGL now held with a cost basis of $13.24.

I could not pass up the opportunity for 263 units at $9.85. Anybody with a modicum of market savvy will recognize this hard to believe opportunity.

I hope others here understand what is going on. Listen in to the morning's conference call and look specifically at measures already taken to stem the bleeding. Also--- hear that the next two quarters and possibly more are already assured full coverage in the amount of $1.56 for the year going forward.

This is what we investors look for---adequate coverage to assure that we are in line to be rewarded for our commitment as loyal; unitholders in a publicly traded company. This is what I look for.

What we've had today is an enormous loss on the surface---I'm down $58,000 in this one stock pick alone! But the trick to making big money in the market doesn't focus on today's losses. It focuses, instead, on gains going forward. This is not the first time I've lost heavily on NGL. And I was able to take $81,000 off the table---all in profits, mind you. I put it into ALDW. And now ALDW shows a profit of $91,400! So long as we remain focused on the larger picture and trust our instincts and ability to forage, we will win---if we deserve to win.

Nobody ever said investing was easy. Or that it's NOT a test of nerves.

It most definitely is a test of nerves. It's not a game for everybody. But I love the risk and especially love seeing that I've got the huevos to look into the mirror and say to myself:

"Te confiar!" (I trust you!)

There are few moments in the life of an investor to match this.