Our methodology required to continue scaling in UYG in spite of large draw down. The strategy seems to have succeeded. Normally we do not recommend scaling in over such a wide range, but in this case our indicators dictated extreme aggressive buying around $1.5. The staring point was a light scale in at over $6 and the residual position if any from prior profitable trade. Our average is $2.6. For some accounts this may have become an over sized position — not a preferred state. Consider trimming heavily right here at $3.10. Consider buying more on dips.

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