Replies to post #168 on Direxion Daily Natural Gas Re (GASL)

[THREE-DAY-TRADER]

Eventually, it'll recover.
All I have to say for now in terms of prospects.
$USD is raging higher today, not helping Oil or Gold at all.
But their time will come. But for now in short term, it's a matter of how low they'll go yet.

I'm with you on the losses, too.
I was averaging down on LGCY & had a position in BBEP, but earlier got stopped out already, so been watching from sidelines just recently.
I do believe that when next entry it timed right, GASL for example, will pay out over 50% at least, which is what i need here in order to get myself back from losses into profits on these oil/gas sector trades.
But a move for gASL of 50% off of bottom area is very capable.
When this crap is done, I still anticipate a major bear market rally, and that stocks like GASL will likely make 100% or more from bottom to top.
So the one who is patient, calculated, & has strong resolve will make out good here net overall positive on re-entry.