Are you prepared ?

"Being prepared, on a few occasions in a lifetime, to act promptly in scale in doing some simple and logical thing will often dramatically improve the financial results of that lifetime. A few major opportunities, clearly recognisable as such, will usually come to one who continuously searches and waits, with a curious mind, loving diagnosis involving multiple variables. And then all that is required is a willingness to bet heavily when the odds are extremely favourable, using resources available as a result of prudence and patience in the past."

- Charlie Munger

UNG - b - now

above weekly view and below daily charts

higher low, buyable gap ( above 50 sma ), and now a breakout through last swing high, trend changes at this point on daily time frame, now looking for follow through and for the price to accelerate higher, and then to have an orderly pullback


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“If you realize that all things change, there is nothing you will try to hold on to. If you are not afraid of dying, there is nothing you cannot achieve.”

~ Lao Tzu

as long as we're hitting new highs upward trend continues

at this time the trend is up and we don't fight the trend, if you have some shorts on keep the stops tight

What to do now? Wait for a pullback, if we get it, to initiate new long positions and wait for new shorts for now as it doesn't pay to fight the trend.

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