iBankCoin
Full-time stock trader. Follow me here and on 12631
Joined Apr 1, 2010
8,861 Blog Posts

Sold Some Crude Into the War Games

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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

Sold 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.

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2 comments

  1. chessNwine

    $26.40 next level for $UNG to clear.

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  2. Matt Cope

    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

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