USO conclusion

I apologize for the delay in posting this, we just moved into a brand new house and my time for trading activities has been extremely limited with all the unpacking, furniture shopping, etc.  Anyway, I wanted to follow up on the USO trade I mentioned in my previous posts here and here.  I received an exit signal on 5/3 to exit at the open on 5/4.  Here is the chart of the completed trades.

As you can tell by the chart, both trades were small losers (-1.3% & -.4%) even though at one time they were both up > 8%.  This is the nature of a trend following type system, small winners will often turn into losers as the exits require a fair amount of downside to trigger to give the position plenty of room to work.  Although USO was a loser, most of the entries I mentioned here are currently winners.  As some of them begin to exit, I will post charts of them with the final results.

-John