Keep CALM And Follow Your PLAN - 05/26/20 RECAP
Hi traders,
when we are evaluating our sessions, it's critical to recognize OUR mistakes and EXTERNAL events. That's why although I ended up in a minor loss today, I am pretty happy with the result.
My NEM trade "worked", but only after the institutional traders re-tested the opening prices which meant my SL was hit. Yes, losing money sucks, but seeing the idea eventually go along your intention is far better than screwing up your plan and losing because of it.
Trades:
1) NEM - SHORT @60.93, -1.05%
2) PLAY - LONG @13.26, -1%
3) MGM - LONG @17.22, +1.35%
*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: -0.70%
Total PnL for the week: -0.70%
Good trades,
Tom | FINEIGHT
when we are evaluating our sessions, it's critical to recognize OUR mistakes and EXTERNAL events. That's why although I ended up in a minor loss today, I am pretty happy with the result.
My NEM trade "worked", but only after the institutional traders re-tested the opening prices which meant my SL was hit. Yes, losing money sucks, but seeing the idea eventually go along your intention is far better than screwing up your plan and losing because of it.
Trades:
1) NEM - SHORT @60.93, -1.05%
2) PLAY - LONG @13.26, -1%
3) MGM - LONG @17.22, +1.35%
*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: -0.70%
Total PnL for the week: -0.70%
Good trades,
Tom | FINEIGHT
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