All CLIMACTIC Moves Aren't The SAME! - 05/19/20 RECAP
Hi traders,
I took 2 shorts on Tuesday, both of them coming from a climactic move breakdown. I treated them the same and ended up walking with a small loss.
We'll go over the minute differences and why I should've held the second one for longer!
My Trades:
1) TGT - SHORT @123.92, -0.34%
2) MRNA - SHORT @73.82, -0.24%
*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 trades' description.*
Total PnL for the day: -0.58%
Total PnL for the week: -0.63%
Good trades,
Tom | FINEIGHT
I took 2 shorts on Tuesday, both of them coming from a climactic move breakdown. I treated them the same and ended up walking with a small loss.
We'll go over the minute differences and why I should've held the second one for longer!
My Trades:
1) TGT - SHORT @123.92, -0.34%
2) MRNA - SHORT @73.82, -0.24%
*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 trades' description.*
Total PnL for the day: -0.58%
Total PnL for the week: -0.63%
Good trades,
Tom | FINEIGHT
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