Updating my earlier discussion about crude oil, the USO ETF is still holding the gap higher this week.
However, into the weekend I am inclined to lock in some of the gains, with headline risk in play.
Here was my note to 12631 members just now, using the UCO Leveed ET
If you enjoy the content at iBankCoin, please follow us on TwitterSold 1/4 of 3/4 position long $UCO @ $39.33 from $37.59 core entry and $39.02 add to lock in partial gains. 1/2 position now.
$26.40 next level for $UNG to clear.
Chess,
Been reading your blog off and on since you launched (HT the_real_fly,Howard Lindzon) – apologies if you’ve covered this before.
How do you size your positions?
mC