That call on DXO to $5.00 is still on track ...
Traded pre-market $4.70. That swing long
continues to work from your call in March that Oil had put in a
higher low bottom near $40.00. If it gets to $5.00 I will
raise my stop once again higher.
Since Oil is near $75 now I'm going to take 1/3 off on this
swing long trade with limit day order at $4.69. I've
moved my stop up to $4.20 on remaining 2/3.
BPT (Matt / Steve) provided this
swing long idea back in Feb. when oil was below $40. Said to
buy first pull back after first push higher up above
$40. If it hold above $40 means higher low is in place
& back test of Oil broken uptrend support line near
$70-$75 could happen. I did this trade in Early March via
DXO @ $2.32.
So overall profit
1/3 sold @ 4.69 (4.69-2.32=
102%gain)
2/3 sold @ 4.20 (4.20-2.32 =
81%gain)
Overall Trade Gain near
85%in (4) Months.
If you listen to what BPT (Matt/Steve) tell you with a longer
term view you can make a nice profit on swing trades. It's
well worth the membership for those who just do a 2 week free
trail.
Remember what Steve / Matt say you DO NOT have to catch the top
of a trend change to make money. (See this DXO trade as an
example) I didn't catch bottom on oil at $35 but did catch $
41 to $ 72 which would be 85% of the overall move etc.
Closed this trade out today completely today ..
Made 95% overall on this trade since Matt/Steve call
back in middle of Febuary that Oil was basing and trying to put in
a bottom below $40 and could back test broke trend line near $
70-$72 area.
Another GREAT Call by
BPT 95% gain
on a trade from March 5th till today
June 15th
plus crude oil was close enough to my target in the mid $70s
from my bottom call in the $30s, enough is enough. Aso since
the market and commodities are moving in tandom. anyway nice
job
I moved my stop up on remaining shares to $4.47 ...
Appears it might hit today but want to lock in profit as appears to
me the Market / US Dollar / Commodities are near crossroads
of current trends.
I wish I would purchased 20K shares and not 5K but at time was
doing risk management via share size ... I really didn't
want much more than 15K in the position when I purchased it near
$2.30 back in early March.
DXO - Matt
Posted by cspirit on 9th of Jun 2009 at 09:27 am
Matt,
That call on DXO to $5.00 is still on track ... Traded pre-market $4.70. That swing long continues to work from your call in March that Oil had put in a higher low bottom near $40.00. If it gets to $5.00 I will raise my stop once again higher.
DXO Update (BPT Oil Swing Call from Febuary 09)
Posted by cspirit on 10th of Jun 2009 at 10:28 am
Since Oil is near $75 now I'm going to take 1/3 off on this swing long trade with limit day order at $4.69. I've moved my stop up to $4.20 on remaining 2/3.
BPT (Matt / Steve) provided this swing long idea back in Feb. when oil was below $40. Said to buy first pull back after first push higher up above $40. If it hold above $40 means higher low is in place & back test of Oil broken uptrend support line near $70-$75 could happen. I did this trade in Early March via DXO @ $2.32.
So overall profit
1/3 sold @ 4.69 (4.69-2.32= 102%gain)
2/3 sold @ 4.20 (4.20-2.32 = 81%gain)
Overall Trade Gain near 85%in (4) Months.
If you listen to what BPT (Matt/Steve) tell you with a longer term view you can make a nice profit on swing trades. It's well worth the membership for those who just do a 2 week free trail.
Remember what Steve / Matt say you DO NOT have to catch the top of a trend change to make money. (See this DXO trade as an example) I didn't catch bottom on oil at $35 but did catch $ 41 to $ 72 which would be 85% of the overall move etc.
Update DXO (Long Oil) - 95% Gain since BPT Call in Middle of Febuary
Posted by cspirit on 15th of Jun 2009 at 01:00 pm
Closed this trade out today completely today .. Made 95% overall on this trade since Matt/Steve call back in middle of Febuary that Oil was basing and trying to put in a bottom below $40 and could back test broke trend line near $ 70-$72 area.
Another GREAT Call by BPT 95% gain on a trade from March 5th till today June 15th
(90 days in trade & made this gain)
BPT is will worth the membership!!!!!!
BPT June 13th call ...
Posted by cspirit on 6th of Jul 2009 at 09:53 am
BPT June 13th call ... Said to tighten up stops on LONG Oil trades since Oil had hit back test target and would pull back.
today DXO is $3.85 cents now ... Another GREAT call from BPT
congrats...i have also played several
Posted by 1800promote on 15th of Jun 2009 at 01:10 pm
congrats...i have also played several swings trade that matt recommended in march..and they all worked great..
awesome!!! nice job! plus crude oil
Posted by matt on 15th of Jun 2009 at 01:09 pm
awesome!!! nice job!
plus crude oil was close enough to my target in the mid $70s from my bottom call in the $30s, enough is enough. Aso since the market and commodities are moving in tandom. anyway nice job
DXO Update - Oil
Posted by cspirit on 15th of Jun 2009 at 10:50 am
I moved my stop up on remaining shares to $4.47 ... Appears it might hit today but want to lock in profit as appears to me the Market / US Dollar / Commodities are near crossroads of current trends.
US Dollar (Down)
Markets (Up)
Commodities (Up)
Thanks Chris - Congrats on
Posted by dodgerdog on 10th of Jun 2009 at 10:41 am
Thanks Chris - Congrats on a great swing trade.
Very nice Chris. Appreciate you
Posted by Peridot on 10th of Jun 2009 at 10:32 am
Very nice Chris. Appreciate you sharing and agree that we sometime forget about the longer term ideas that are presented. Good for you. p.
yeah my problem is that
Posted by matt on 10th of Jun 2009 at 10:43 am
yeah my problem is that I'm impatient. I should let you guys trade my account for those longer term trades so that I actually stay in them lol
cspirit - amazing how DXO is
Posted by matt on 9th of Jun 2009 at 09:41 am
cspirit - amazing how DXO is nearing my orignoinal target! Congrats for sticking to it!! Wish I did though,
I wish I would purchased
Posted by cspirit on 9th of Jun 2009 at 09:51 am
I wish I would purchased 20K shares and not 5K but at time was doing risk management via share size ... I really didn't want much more than 15K in the position when I purchased it near $2.30 back in early March.
that was one heck of
Posted by siewyin on 9th of Jun 2009 at 09:35 am
that was one heck of a brilliant play. The next crash we have....i will be sure to jump on board this DXO trade