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I bought the USU Dec 10 Calls back. You are probably wondering why I’m buying these back.

I was working on some stuff this weekend and it gave me a renewed sense of confidence in my trading. Last week was horrible for me. I chose to ignore my warning signs and it cost me. However, I have some pretty reliable stuff that says we should bounce and that does not include the bounce in the markets we’re seeing today.

I’m going back to the USU trade, because it was the right trade to begin with. I only sold the original position to get off margin because the market looked like it wasn’t going to stop. Now that the market put in a new low on the open and has filled that gap. I want to trade in the direction of that fill because it confirms my studies in my custom indicators. USU is already moving well today, up 3.65% and I’m expecting a break of the triangle forming on a daily chart, not surprisingly, around the $10 mark.

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