Replies to post #3037 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[dabonenose]

Yeah man, etf's can really put u under.

I bought yesterday at 2.58(looked like bottom). I only bought 1k shrs, so I have $2,580 at risk. I can afford to lose that so I'll let it ride.

If it is a long way to the bottom from where I buy, I'll use stops.

If a RS should develope, I'll dump out.

I have no idea if a RS is in the cards, however, some of these etf's will do them(Direxion does alot). This is Credit Suisse.

Personally, I think we are near a bottom(That's why I bet).

Good Luck Bro.

PS My trading portfolio is a fairly small part of my overall portfolio, which includes emergency cash, cash, 2 DRIPS, 2 other income vehicles,etc.

[mayvid]

IMO...On any quick flip have a strategy for getting out when things take a dive. With UGAZ if I'm down 8-10% im either getting out or if Natural gas futures are looking promising I'll average down. We may get to 7's again if production slows or demand increases--

[chaarles]

You will see high 4s and low 5s in UGAZ, I would wait......