Hi traders,
Welcome to a week sup-up together with Friday RECAP.
As I explained in Thursday video it's sometimes hard to judge whether you should hold onto the trade and it really comes down to your backtesting and psychological comfort.
I am, however, pretty happy about the reverse I did in SPWR because I've been studying this behavior for the last couple of weeks and it did (sort of) work out!
My Trades:
1) CNP - LONG @18.32, jumped the ship before my original SL and then the market finally turned and went without me. -0.86%
2) SPWR - LONG 8, unfortunately, didn't go as far as my target. Moved my SL to at least don't lose on it. -0.1%
3) SPWR - SHORT @7.74, seeing a typical extended behavior with a volume drop, I found a nice technical formation to go again, this time SHORT. It didn't really move much after, so I exited before the end of the day for a +0.2%
*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: -0.76%
Total PnL for the week: -1.12%
Good trades,
Tom | FINEIGHT
Welcome to a week sup-up together with Friday RECAP.
As I explained in Thursday video it's sometimes hard to judge whether you should hold onto the trade and it really comes down to your backtesting and psychological comfort.
I am, however, pretty happy about the reverse I did in SPWR because I've been studying this behavior for the last couple of weeks and it did (sort of) work out!
My Trades:
1) CNP - LONG @18.32, jumped the ship before my original SL and then the market finally turned and went without me. -0.86%
2) SPWR - LONG 8, unfortunately, didn't go as far as my target. Moved my SL to at least don't lose on it. -0.1%
3) SPWR - SHORT @7.74, seeing a typical extended behavior with a volume drop, I found a nice technical formation to go again, this time SHORT. It didn't really move much after, so I exited before the end of the day for a +0.2%
*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: -0.76%
Total PnL for the week: -1.12%
Good trades,
Tom | FINEIGHT
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.