Hi traders,
Market was going down strongly on Thursday, sadly I mistimed some of my trader or didn't take profit when I had the chance.
But apart from that I'm telling you why I knew the airlines weren't going down from the open but rather up, despite gapping down significantly. Next time you see a situation like this it can save or even MAKE you money!
Trades:
1) GOLD, LONG @25.71, -1.05%
2) MRNA - LONG @64.55, -0.55%
3) CSCO - SHORT @45.98, +1.38%
4) PENN - SHORT @28.94, -1.08%
*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: -1.29%
Total PnL for the week: -3.34%
Good trades,
Tom | FINEIGHT
Market was going down strongly on Thursday, sadly I mistimed some of my trader or didn't take profit when I had the chance.
But apart from that I'm telling you why I knew the airlines weren't going down from the open but rather up, despite gapping down significantly. Next time you see a situation like this it can save or even MAKE you money!
Trades:
1) GOLD, LONG @25.71, -1.05%
2) MRNA - LONG @64.55, -0.55%
3) CSCO - SHORT @45.98, +1.38%
4) PENN - SHORT @28.94, -1.08%
*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: -1.29%
Total PnL for the week: -3.34%
Good trades,
Tom | FINEIGHT
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.