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February 15th, 2017 at 10:21 am
Latch / Phil – $5000 on /NG.
Latch, unless you were long 7 to 8 contracts, you didn't walk away with $5000. Phil knows these headlines always prick me the wrong way, but I understand it's media and promotion to get more subscribers. It's his site and it's his job to grow his business AND make his subscribers $$$, which he is!
The /NG play for me made $800. The run from 2.90 to 2.98 is .08 which is $100/.01, or $800 gain on 1 contract. Phil was probably playing 7-8 contracts at a time, which could account for the large gain, but the same %gain on the trade.
This futures trading is just like investing in real estate. The "deal of a lifetime" comes around almost every week. Look at /GC today. BANG off the 1220 line. It literally came around