SOLD -82 UNG @12.10

My stop at \$12.11 for UNG triggered this morning, just a few minutes after the gap down open. We failed to break above the \$12.65 resistance last week. However, we're also failing to break below the \$12 support as of now. This could go either way right now but I'm keeping my hands off for now.

The problem is that I have had many bad trades in the past few months. I think it's time for me to further ease up on actual trading and concentrate more on the analysis and strategy development. But no, I am not going away from this blog. I'll keep updating as usual but the content will be more on developmental topics for the next little while. Heck, I might stick in a few paper trades or small plays now and then.

[caption id="attachment_1577" align="aligncenter" width="500" caption="U.S. Natural Gas ETF"][U.S. Natural Gas ETF][][/caption]

[U.S. Natural Gas ETF]: http://traderpau.files.wordpress.com/2009/07/2009-07-13-ung.png