Wednesday Swing Trade

Comment on USO Trade:

“reasoning on US Oil”

These swing trades are mean reversion trades that are made when the market gets over stretched to one side. It in no way reflects any fundamental opinion regarding oil. These trades are typically 1 to 7 days depending on the bounce if any the trade gets.

Also these are not for the conservative trader. Often times you have to weather a 1 or 2 % or more down swing. But Historically these are very good setups.

Been awhile since I have put on any swing trades but a good setup this morning

I bought 1440 shares of USO @ 34.80

RickJ
Rickjshandicappingpicks.com

Showing 2 comments
  • Ben Webster
    Reply

    Obligatory: reasoning on US Oil?

  • Ben Webster
    Reply

    Interesting, thanks for the prompt reply!

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Contact Us

We're not around right now. But you can send us an email and we'll get back to you, asap.

Not readable? Change text. captcha txt
Rickj's Handicapping Picks
Sign up now for our  newsletter. Includes handicapping tips

MLB has now entered the 3rd month of the season!  Results posted.

RickJ's Handicapping Picks  The latest in positive EV handicapping Techniques Overnight Plays in MLB are sent out around 3 to 4 PM PST the day before Come join us for a fun and profitable Pro Sports season!!!  
Sign up now for the service. Its free until NCAA FB starts. 
Close

Positive EV Handicapping


Do you know the important clues that help determine which side has +EV?
 
  • Learn about Reverse Line Moves and how they apply to each sport
  • Learn about being a contrarian and using public % numbers to get an edge
  • Learn about the seasons within a season that all sports have
  • Learn key numbers in all sports

Sign up to get updates that will help you with your sports handicapping!
 
SUBSCRIBE
close-link