Closed Out My Asian Short, Back to 50% Cash

Due to an oversold signal in Exodus last week, I initiated a position in triple inverse ETF, EDZ. I made two purchases with an average cost of $31.06. The goal was to hold through 5 trading days or make 5% on the trade. The oversold stats for this signal were too good to ignore.

As the stock Gods would have it, I’ve taken my profits on this 3 day hold for a 7.1% gain. This doesn’t mean that I love stocks and feel we’re heading higher. Instead, I am merely staying true to my discipline.

I made 138bps on the trade and have placed the proceeds in cash, which currently stands at 50%.

I will be taking more of these tactical trades to boost returns.