Potentially Green Day Turned Red - Here's WHY - 06/10/20 RECAP

Hi traders,

Murphy says the very next time we decide to do something, it won't work. That's what happened to me on Wednesday as I re-entered Citigroup after missing a re-entry on Tuesday in PTON. Aaand ended with 2 losses. The day was even more painful because in UNFI I spotted 2 good opportunities - both of which worked - but did not get filled. A nice profit ended up in a loss. But all I can do is to readjust and try better next time!

Trades:
1) CSCO - SHORT @47.39, -0.14%
2) C - SHORT @56.98, -1.02%
3) C - SHORT @56.99, -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: -2.16%
Total PnL for the week: -2.05%


Good trades,
Tom | FINEIGHT
Beyond Technical AnalysisChart PatternscitigroupCSCOlossreentrySPDR S&P 500 ETF (SPY) Trend Analysis

Disclaimer