fun times

sorry forgot to post this - Recent transactions:

03/17/2008	Buy To Open	1	CLZ15	Crude Oil DEC 2015	100.30
03/17/2008	Buy To Open	1	NGZ11	Natural Gas DEC 2011	9.410
03/20/2008	Sell To Close	1	NGZ11	Natural Gas DEC 2011	8.760

Notice that I bought a contract, and turned around and sold it 3 days later for a hefty loss (about $6500). But I'm getting ahead of myself - here's the real story:

So I've been investing in this new thing called futures (see previous post) - and, holy shit - I'm making money hand over fist. Made like $65k or something crazy. right away too, within weeks.

Then, I decide to press my luck (see transactions above). Then everything comes crashing down, and all of the sudden I've lost all of my winnings and I'm nearing a margin call (ie. I have to put up more $$ or they'll force me to close out a position or two). So I sell one - the one I just bought a few days ago.

Turns out the past few weeks has been a roller coaster by any measure. I was reading about all the unprecedented rise and then more about his unprecedented fall in oil and natural gas and what-not. panic buying and selling is what they called it.

Needless to say, last week was quite a welcome into the futures trading market. It was fun going up, not so fun going down. Thankfully I didn't lose my shirt.

I know at this point that I'm too heavily leveraged, but I can't seem to get myself to close out some positions to reduce my risk. Here is what the current holdings are:

Description	Qty	Cost Basis	Price
CRUDE OIL DEC 2015	3	99.85	97.74
CRUDE OIL DEC 2016	2	92.12	98.2
EURO FX JUN 2009	1	1.5275	1.5259
NATURAL GAS JUN 2013	1	7.889	8.596
NATURAL GAS DEC 2013	2	8.935	8.941
S&P 500 INDEX SEP 2009	-1	1325.2	1354.4

what do you say - roll the dice and keep these holdings? Or play it safe and cash out a bunch of these?