Update: I closed this at \$6.36 just now as my HOD.TO position is trekking back close to breakeven. This is a loss of \$37.50 + \$9.90 commission. I re-entered my natural gas short with HND.TO @ 6.51 as planned on my previous break-even trade. The U.S. Natural Gas Fund (UNG) is testing the top of its channel at \$7.85 as shown on Figure 1.
[caption id="" align="aligncenter" width="570" caption="U.S. Natural Gas Fund (UNG)"][/caption] However, HND.TO cracked the \$6.50 support as I'm writing this and is now trading down to \$6.38. My mental stop is at \$6.20 and hard stop is \$6.00. Figure 2 shows the intraday chart of HND.TO as the time of my entry. My risk for this trade is (\$6.51 - \$6.00) * 250 shares = \$127.50 = 1.4% of my RRSP trading account. This should be the last of my new position for a while. I have enough on the table with my CM.TO, HOD.TO, and this. My goal now is to move my stops to breakeven as soon as possible.
[caption id="" align="aligncenter" width="570" caption="Horizons BetaPro Natural Gas Bear Plus (HND.TO)"]1[/caption]