Thesis: Oil is going lower, bounce in correlated sectors / foreign equity markets / currency markets should be faded as they reach their downward sloping 200 day smas.

Vehicle: RUSS (3x Short Russia)

russOriginial Plan: Own it against the April lows.

RUSS
Entry 6.7
Stop 6.3
Target 9.2
Shares 1
Profit 2.5
Loss 0.4
Risk/Reward 6.25

Actual Entry:

RUSS
Entry 6.78
Stop 6.3
Target 9.2
Shares 1
Profit 2.42
Loss 0.48
Risk/Reward 5.04

End Result:

Symbol Date Entered Entry Price Date Exited Exit Price Profit (Loss)
RUSS 5/6/2015 6.78 5/11/2015 6.4 -5.60%

Trade Notes: The entry was fine, though it could’ve been a little lower had I been more patient. I should have cut the position Friday 5/8 when there was a lack of upside follow through.

Lesson: Cut the position if it’s not working, even if it hasn’t reached your initial stop loss.

Short Russia Trade (-5.60%)