Daytrading RECAP 04/08/20 - 3 Longs & 1 Short for +1.6%!
Hi traders,
Tom with another recap here.
*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.*
I switched to video recaps so you can see the charts in greater detail. Let me know if you like it!
Four trades today:
1) UPS - LONG @95.04, stopped out at 94.27 for a little under -1%
2) T - SHORT @29.62, closed half at 2:1 and the rest at B/E (messed that up). Total profit a bit over +1%
3) NVAX - LONG @16.75, closed half at 2:1 and let the rest run some more, closed just before 18 for a total of +2.5%!
4) PINS - LONG @16.9, the stock couldn't hold the pressure and collapsed into my SL @16.4 for -1%
Total PnL for the day: +1.6%
Total PnL for the week: +2.05%
In hindsight, I left money on the table with T and should've reversed PINS after it stopped me out and showed big pressure to the downside.
Mistakes are great teachers for your trading, learn to accept them and work with them!
Good trades and let me know how your Wednesday trading went!
Tom from FINEIGHT
Tom with another recap here.
*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.*
I switched to video recaps so you can see the charts in greater detail. Let me know if you like it!
Four trades today:
1) UPS - LONG @95.04, stopped out at 94.27 for a little under -1%
2) T - SHORT @29.62, closed half at 2:1 and the rest at B/E (messed that up). Total profit a bit over +1%
3) NVAX - LONG @16.75, closed half at 2:1 and let the rest run some more, closed just before 18 for a total of +2.5%!
4) PINS - LONG @16.9, the stock couldn't hold the pressure and collapsed into my SL @16.4 for -1%
Total PnL for the day: +1.6%
Total PnL for the week: +2.05%
In hindsight, I left money on the table with T and should've reversed PINS after it stopped me out and showed big pressure to the downside.
Mistakes are great teachers for your trading, learn to accept them and work with them!
Good trades and let me know how your Wednesday trading went!
Tom from FINEIGHT
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