Bought 15 Units of ERX
I bought 15 units of ERX — Direxion Daily Energy Bull 3X Shs(ETF) at 48.74 per share. One of my themes for the year is to be long energy, and especially oil. The United States is eager to go to war with Iran, which will obviously cause oil to run up significantly. Even without war, we currently have the US pressuring other countries to ban Iran’s oil as well. And, as always, there should be enough fear and uncertainty throughout the year to push prices higher at some point.
*Units: Units are not equal to number of shares. I won’t be disclosing real dollar amounts or number of shares. I’ve chosen a random number to represent 1 unit and I’ll record all of my transactions converted to this measure and rounded to the nearest whole number. This will allow me to share position weighting without disclosing specifics.
