Back in an Energy Short; Chess Moves

After a quick overnight win last week in ERY, the triple-bearish ETF for energy stocks, I just went long ERY again at $19.02 with a protective stop-loss below $18. This is roughly a 4% position in my trading portfolio. 

Crude oil and energy stocks faded off the OPEC rumor and subsequent spike earlier this afternoon. They all remain in overall downtrends, especially crude, which means I can justify other foray into the space to play for a continuation of the bear market (they all, including crude, have declining 200-day moving averages above price). 

It is often said that from failed moves come aggressive moves the other way, and that spikes higher in bear markets are often good shorting opportunities. I am putting both of those axioms to the test here.