This is a bearish ETF for oil. Oil was getting hammered today so it was in play for a long. It followed the 9EMA all day long. I was keeping an eye on USO and the other big oil plays for confirmation. I entered on a 9EMA pullback let it rip. I was patient with my exit and it paid off.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2015-02-10 11:36:00 | SCO | buy | $75.500 | long |
2015-02-10 12:06:00 | SCO | buy | $75.810 | long |
2015-02-10 12:08:00 | SCO | buy | $75.700 | long |
2015-02-10 12:20:00 | SCO | buy | $75.350 | long |
2015-02-10 13:22:00 | SCO | sell | $76.500 | long |
2015-02-10 13:22:00 | SCO | sell | $76.780 | long |
2015-02-10 13:22:00 | SCO | sell | $76.780 | long |
2015-02-10 13:23:00 | SCO | sell | $76.650 | 0 |
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