The UWT (3x long crude oil ETN) gapped down on Wednesday below the suggested stop of 11.61 to open at 11.49, where any standing stop-loss orders would have been filled, for a 7.6% total or 2.6% beta-adjusted loss (factoring in the 0.35 beta-adjusted position size to account for the 300% leverage factor). Original & updated 60-minute charts below.

UWT and all previous posts related to that trade have been reassigned to the Completed Trades category and crude oil (/CL, /QM, UWT, USO, etc.) was also posted as a new, unofficial trade idea in this post earlier today with some follow-up comments & updated chart in the comment section below.