Shared by
JamesDover_BOWS
Oil futures were breakout out above a major level premarket, so I figured this ETF would go too. This seems to be a really high float energy ETF and it moves really slowly. It bounced on previous day's support at the open. Longed it once it went green, and covered into the spike at the HOD at the time. Bad risk to reward.
*That should have actually been my first sell spot, and then the lotto should have been kepy for the subsequent spike.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-05-17 09:53:04 | UCO | buy | $12.710 | long |
| 2016-05-17 09:55:35 | UCO | sell | $12.730 | long |
| 2016-05-17 09:57:11 | UCO | sell | $12.770 | long |
| 2016-05-17 09:57:13 | UCO | sell | $12.770 | 0 |
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