Stopped out of USO @ 26.97

Calendar February 10, 2009 | Posted by Jorge

Stopped out EOD at 26.97.  7% loss which was near my max pain threshold.  I like to close trades within the last 10 minutes of trading as it removes emotion from the trade.  Had USO hit $26, my emergency stop would have been hit, no questions asked.  I got half of the energy complex equation correct.  A shame crude didn’t rally to the same extent natural gas did the past couple of weeks.

Category Categories: Index and ETFs, Portfolio Progress | Tag Tags: | Comments Comments

  • forexmerchantaccounts
    New reports on unemployment are set to bring the USD dollar down. Along with the stimulus package the american currency will have a hard time if not to print more bills.
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