One week ago, we initiated a new position at HX Trader in an area that we had not traded in several years.

Not that we don’t know the area well, but it is one where we had not seen many great set ups – until recently.

Since we recommended this position just seven days ago it has posted solid double-digit returns. Today we cash in those gains!

Here is the update…

The recommendation was to buy the cryptocurrency Ethereum via shares in the ProShares Ultra Ether ETF (NYSEARCA: ETHT)

ETHT is a leveraged exchanged-traded fund (ETF) that is designed to deliver 2x the daily performance of the Bloomberg Ethereum index.

For many reasons – outlined in the recommendation note here – we thought Ethereum was ready to take off. That is exactly what happened.

With a nice double-digit gain in just one week, we are going to take our profits.

Plan the Trade, Trade the Plan.