Why Is It Actually BETTER If You Missed The Drop -06/24/20 RECAP
Hi traders,
SPY was dropping nicely thorough the day and although I took 2 nice shorts, I could've made much much more.
BUT I think we shouldn't really be upset. Why? Because moves like these happen maybe once or twice a month on average. That means if you adjust your management style to these types of days, you'll be getting stopped out more often during more "normal" days in the market. It's just not worth it.
If you are very advanced and can tell right from the open whether today's going to be a huge up or down day for the SPY, big thumbs up, and make sure to send me a message how you do it, I will pay you handsomely! :D
Anyways, make sure to watch the video for more details and I'll talk to you soon!
Trades:
1) CCL - SHORT @16.79, +1.55%
2) DAL - SHORT @27.99, +1%
*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: +2.55%
Total PnL for the week: +4.42%
Good trades,
Tom | FINEIGHT
SPY was dropping nicely thorough the day and although I took 2 nice shorts, I could've made much much more.
BUT I think we shouldn't really be upset. Why? Because moves like these happen maybe once or twice a month on average. That means if you adjust your management style to these types of days, you'll be getting stopped out more often during more "normal" days in the market. It's just not worth it.
If you are very advanced and can tell right from the open whether today's going to be a huge up or down day for the SPY, big thumbs up, and make sure to send me a message how you do it, I will pay you handsomely! :D
Anyways, make sure to watch the video for more details and I'll talk to you soon!
Trades:
1) CCL - SHORT @16.79, +1.55%
2) DAL - SHORT @27.99, +1%
*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: +2.55%
Total PnL for the week: +4.42%
Good trades,
Tom | FINEIGHT
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