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)
|Symbol||Date Entered||Entry Price||Date Exited||Exit Price||Profit (Loss)|
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.