closed our tactical trade in oil, using the 2x leveraged oil ETF (DXO). we bought at $2.20 with a .2 initial stop, after oil closed below $30/barrel, and closed the tactical portion of the trade today at $3.45. Thats a little over a 6R win in a week. here are some of the supporting slides we used in the tactical trading chat room. Am maintaining our longer term strategic trade, but those shares are all purchased with the market’s money so we have no risk. If the Middle East continues to implode and Russia cuts production, we’ll profit nicely.
