Hi traders,
Hope you enjoyed the holidays as much as the lockdown allowed you to! Let's take a closer look at one of my Monday trades.
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.*
SPY was down for the first 1.5 hours and then retraced, spending the better part of the day in a range.
Four trades today:
1) RCL - SHORT @34.83, closed just before the close after it ranged all day together with the SPY for +1.43%
2) SABR - SHORT @5.59, did a couple of mistakes I discuss in-depth in the video. -1%
3) PAA - LONG @6.31, a nice cup and a handle formation, albeit a little extended. It pulled down with the SPY before finally taking off without me. -1%
4) MU - LONG @45.49, initially a short idea, MU turned quite strong later in the day. Similarly to PAA it shook me out before making the anticipated move. -1%
Total PnL for the day: -1.57%
Total PnL for the week: -1.57%
Good trades,
Tom | FINEIGHT
Hope you enjoyed the holidays as much as the lockdown allowed you to! Let's take a closer look at one of my Monday trades.
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.*
SPY was down for the first 1.5 hours and then retraced, spending the better part of the day in a range.
Four trades today:
1) RCL - SHORT @34.83, closed just before the close after it ranged all day together with the SPY for +1.43%
2) SABR - SHORT @5.59, did a couple of mistakes I discuss in-depth in the video. -1%
3) PAA - LONG @6.31, a nice cup and a handle formation, albeit a little extended. It pulled down with the SPY before finally taking off without me. -1%
4) MU - LONG @45.49, initially a short idea, MU turned quite strong later in the day. Similarly to PAA it shook me out before making the anticipated move. -1%
Total PnL for the day: -1.57%
Total PnL for the week: -1.57%
Good trades,
Tom | FINEIGHT
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.