Riding the Bears For a Little TOO LONG :( - 04/30/20 RECAP
Hi traders,
Thursday was a pretty decent up day, ruined only by a bit of greed from my side in the AMD Short trade. But even after missing the best exit of the day, I squeezed a little extra from my typical RRR setting.
The Trades:
1) NEO - LONG @28.35 - Unusual situation that I decided to go LONG into on the breakout pattern above 28.32. Sadly after the market pushing lower, NEO eventually gave in. -1.1%
2) AMD - SHORT @53.08 - A typical breakdown formation that stopped 2 cents shy of my hard-set PT so I exited manually before close. +2.24%
*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: +1.14%
Total PnL for the week: +1.09%
Good trades,
Tom | FINEIGHT
Thursday was a pretty decent up day, ruined only by a bit of greed from my side in the AMD Short trade. But even after missing the best exit of the day, I squeezed a little extra from my typical RRR setting.
The Trades:
1) NEO - LONG @28.35 - Unusual situation that I decided to go LONG into on the breakout pattern above 28.32. Sadly after the market pushing lower, NEO eventually gave in. -1.1%
2) AMD - SHORT @53.08 - A typical breakdown formation that stopped 2 cents shy of my hard-set PT so I exited manually before close. +2.24%
*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: +1.14%
Total PnL for the week: +1.09%
Good trades,
Tom | FINEIGHT