Replies to post #16905 on Velocityshares 3X Long Natural Gas ETN (UGAZ)

[TmRyan]

Really,,, Thank you so much for taking time with me.
I have some studying to do!!!

[TheTrader72]

When does the contango kick in the worst? I see NG contracts rollover 3/26 correct? If so then would you expect to see the worst effect of decay the week of 3/20-3/24?

[GuTA]

Smart story! Nice post. Hope you're doing well sh

I just sold for about +30%, but looking to get back in to a position. Just feels OB a bit here (like that matters !) and I'm trying to avoid a natural pullback next week that rolls into Contango decay the following week.

Could be overthinking it, but profit is profit and my position was heavier than I was comfortable with.

Good luck!