Crazy HawtTechnology. Travel. 100% Original Content

I haven’t posted here much about money, finance, or trading, but I’m dabbling with the idea of doing so a bit more often. I’m feeling especially good about this recent trade. Oil was up over 80 for what seemed like no reason. Oil inventories were at record highs and consumption was down due to the weakened economy. Deciding to play oil on the short side as a quick trade, I bought DTO. DTO is an ETF designed to follow DOUBLE the opposite performance of Oil in a single day. So if Oil dropped 1%, this should go up 2%. The trade worked like a charm. I bought my shares at 68.85 and sold them all for 95 flat last week. I still think oil might trend lower, but I think the big run down is over. So here’s the real question… when is it time to turn back around and go long? I’m thinking that if oil hits 50, or especially 45, it might time to pile back in… Would love to hear your thoughts in the comments.