This is a sample entry from Tom Dosdall’s email newsletter, Dosdall Daily Edge, published on Thursday, September 08, 2016.
am looking for buyers to step in and support December Natural Gas near these levels (chart image 2). Rather than buy the Dec outright, however, I’d prefer to initiate a bull spread by buying December and Selling April.
Trade idea: Buy the Dec/Apr Natural Gas spread @ 0.115 or better GTC. If filled, consider a risk level of 0.075 ($400 full/$100 mini). Target 0.215/0.255. Initial margin required $864 ($216 mini).
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STOP ORDERS DO NOT NECESSARILY LIMIT YOUR LOSS TO THE STOP PRICE BECAUSE STOP ORDERS, IF THE PRICE IS HIT, BECOME MARKET ORDERS AND, DEPENDING ON MARKET CONDITIONS, THE ACTUAL FILL PRICE CAN BE DIFFERENT FROM THE STOP PRICE. IF A MARKET REACHED ITS DAILY PRICE FLUCTUATION LIMIT, A "LIMIT MOVE", IT MAY BE IMPOSSIBLE TO EXECUTE A STOP LOSS ORDER.
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