dogsofmyhead

Recent Correction Offers Opportunity in USO

r davis -

I've been trading DXO between 2.75 and 3.00, usually having to double-down twice before taking profit. I find that I have the most success if I use my first buy on the 1x version, then if I am down more than 5% or so, I'll use DXO to double my position with half the cash (I trade in an IRA only). Since my first buy is usually wrong, I like to have DXO and ERX for my remaining cash. I use the same basic strategy with SH, SDS and FAZ...

I find the 1x first buy keeps me out of a lot of trouble.