Replies to post #322 on Direxion Daily Natural Gas Re (GASL)

[THREE-DAY-TRADER]

Just have a prepared strategy for what ever happens.

Basically, don't keep averaging down on a stock like this in a tough environment-situation like this.

Have disciplined stop-loss thresholds in place on any position, especially in this market and with oil/gas.

Oil is having what appears to be another short cover rally today. Every time it has done this in recent past, it did not last long and soon fell to new lows afterwards.
Keep that in mind when trading.

[THREE-DAY-TRADER]

Another rally that quickly faded---- oh, what a surprise... LOL!!
I was again yesterday stating concern over that risk.

Always be prepared in this current energy stock environment.
I got stopped out yesterday @ 2.69 approx from 2.81 buy on Tuesday. I was upset yesterday when it rallied to 3+ after that happened, but once again Crude Oil short cover rally faded fast as usual.

I'll wait for next developing leg down and when oil perhaps is in upper 20's.