08/09 – ETF Trading – Gains on USO, SCO

A nice little gain or our short oil trade – our etf exit signals for USO triggered Friday and we took a gain of 1.92%. The leveraged etf trade in SCO yielded a gain of 3.41%.

We didn’t have a full trading position for this trade, but we still had a winning trade. Our goal is to produce more winning trades versus losing trades. On that goal, we’re on track.

I have no etf trading opportunities to suggest today. We’ll wait for a broader market rebound to trigger some new short etf trading opportunities.

Learn more about etf trading strategies we use here. They’re in the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have just a few simple rules and you’ll be able to back-test and apply the strategies to the next trading day. Get your copy today and be ready for the next trading session.

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