I've started to post an Energy / Stock / Metal Trade for the followers to trade. I will post the update in the "update status" section of the portfolio post. Starting capital is 10.000 $ in each portfolio. When I close the actual trade I will move the whole amount to the next trade - in this case it will be Energy trade X. --------------------------------------------------------------------------------------- I moved 10.000$ starting capital+13.620$ profit and the rest of the opened positions: 1000 ARP long 0,8$ ---------------------------------------------------------------------------------------
The 200 SMA played an important role in oil's past performance. I will take some awful chances and go long with a SMALL position from here. We are on the 6th day of panic selling - usually lasts for 6-9 days in oil. We can easily drop to 37-38$ from here. I will be adding there. This is a very important resistance should bounce for at least 1-2 days from here...
4% of the total capital only !
BUYING 200 US Crude October at 41.32$. ( Here at the chart the price is 40.58$)
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No stops for this position. The position size is very important ! If you go all in here you can loose everything.
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It seems we bought the exact bottom at the 200 SMA.
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Buying 300 OAS (Oasis Petroleum) at 7.51$
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Buying 300 LGCY (Legacy Reserves) at 1.71$
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We missed ERX...
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Buying 500 SXE ( Southcross Energy Partner)
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Holding the gains near to the close , energy stocks in a rally mode. Buying 400 US CRUDE October at 41.60.
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And we are back above the 200 MA
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Buying 100 ERX at 28.40. If we continue the rally tomorrow I will buy 100 ERX again.
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Closing the 100 ERX position at 30.30. Only the ERX.
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It's good that we jumped out of ERX. We will get a better buying opportunity and don't have to worry about margins while oil ios printing the double bottom.
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Buying 100 ERX at 31.81$.
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Buying 100 ERX at 32.50$. Just matter of time and it will break out.
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Today I will make a fast calculation how much money do we have at the energy trade. It shows exactly my personal trades on my account. I just play with a few more zeros.
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I will do an interesting thing now. I'm turning the capital into oil shares as oil is printed a horrible rally. I think oil shares will perform better from now in the following days. I have 600 US CRUDE. I will seel 200 US Crude and will buy 200 ERX at the same time
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Selling 200 US Crude October at 48.50$ Buying 200 ERX at 32.88$
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Selling 200 US Crude October at 48.90$ (200 US CRude left) Buying 200 ERX at 33.3$. This is going to be our spaceship.
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Buying 200 ERX at today's pullback at 33.10
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I hope it's clear why did I switch to ERX. Even if it's 3x ETF its only down o.5% while oil is down 2%
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We are almost there: Buying 100 US Crude October at 46.53$. The other 100 I will buy at 46.30.
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Unfortunately I couldn't post here only at the " Red candle day" post that I'm buying. So now I will post here. But I will buy at this price where we are now.
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Buying 300 US CRUDE November at 48$.
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I'm almost 100% sure the pullback is done.
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Buying 100 ERX at 31.81$. It's also a buy today.
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Selling 100 US OIL Crude at 49.50 $.
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Selling all of the rest of the USOIL position. I will explain in the weekend oil post. We will have a pullback. Selling 500 USOIL CRUDE at 49.76. I have only ERX now.
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OIL at new highs but ERX stil couldn't break out... I'm going to sell half of the ERX position. (I don't remember how much I have here exactly I will summarize the amount later)
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I'm doing the same thing on my energy account. I'm moving the capital to miners. (GDX,GDXJ,JNUG,NUGT)
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XLE/ERX seems to be filled an exhaustion gap and oil is moving down into the HCL. I don't want to risk the position . We sold the 50% of ERX at the exact top I will sell the rest of ERX now at 33.10. I'm out of oil now with great yearly profits. Waiting for the next long entry.
Zlecenie zamknięto ręcznie
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Komentarze
Krasen
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What about GOLD?
mrtommifunn
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yes i'm with you on this and i'm buying at $46.73. I see consolidation forming now and a nice breakout to the upside.
PowerOfCapital
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Thanks for updating,
bertcoin
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I had sold 1/2 the UWTI a couple days ago at 25.5. Bot 1/4 back at 24 (close to USOIL 46.30), with dry powder ready at 23 (USOIL about 45). Might switch the dry powder order to ERX.
koastech
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Wise choice Arpi.I didn't switch from uwti and I am paying the price.
Tj
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Arpi, looks like today is the first red day of Oil rally. Do you still suggest to enter long for those who where on the sides. Thank you.
chartwatchers
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Today we are waiting. I think we will have minimum 2 red days after the monster rally.
I want to see how this day ends
kizly
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Thanks for update.
PowerOfCapital
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Hi Arpi,
Are you going to load more ERX today?
chartwatchers
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ERX is position is fully loaded. I will buy oil now.