Closed out nat gas position for a small loss. I have waited for long enough for the market to run up again and today’s open was so bad that I decided to get out.

The mistake in this trade came right at the beginning: I should have traded with a tighter profit target and tighter stop because of the proximity of the 200-day moving average. As it was, the price ran up to the moving average, bounced off it, and is now languising unconvincingly.

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