$225 Profit
HODLong Stock
RTse

Used oil 2x bear ETF for trade so didn't have to short (which is 2x higher volatility than the oil price). From TheChartGuys, oil was in an inside candle from previous day. Breakout of 55.59 is bullish and breakdown of 54.22 is bearish. Oil broke below 54.22, so I entered my position. Had a mental stop loss if this was a false breakdown. Oil fell further and past below premarket lows so held on longer before selling as the price began to be choppy. Sold at oil price of 53.70 for a nice single.

000

DatePrice
Entry8/6/20195.66
Exit8/6/20195.73
  • Total Views87
  • Position Size3,500
  • Percentage1.24%
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