Trucking Along The SPY - 06/12/20 RECAP
Hi traders,
After an indecisive start of Friday's trading and one false breakout later, I managed to both enter and exit pretty nicely in MGM, making it probably the nices trade of the month. Ending up slightly down for the week though.
Trades:
1) MRO - LONG @6.81, -0.70%
2) MGM - SHORT @19.09, +2%
*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: +1.30%
Total PnL for the week: -2.04%
Good trades,
Tom | FINEIGHT
After an indecisive start of Friday's trading and one false breakout later, I managed to both enter and exit pretty nicely in MGM, making it probably the nices trade of the month. Ending up slightly down for the week though.
Trades:
1) MRO - LONG @6.81, -0.70%
2) MGM - SHORT @19.09, +2%
*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: +1.30%
Total PnL for the week: -2.04%
Good trades,
Tom | FINEIGHT
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