Daytrading RECAP 04/07/20 - SPY Cost Me -1.875%!!
Hi traders,
Tom with another recap here.
*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 graphs.*
I hate losing as much as the next guy, but let's be honest, trading comes with losses and as long as you keep them low it's fine!
Two trades today:
1) APA - entry LONG @ 6.85 with 6.45 SL, exited @ 6.5 (saved some money)
2) DAL - entry LONG @24.01 with 23.61 SL, exited SL
SPY behaved funny for my trading style and spoiled my plays. But hey, it's always times like this to come up with some tweaks.
This means I gave up -1.875% today, but still slightly profitable for the week and we've got still 2 more days to go!
Last week I ended with +8% so let's see. Fingers crossed ;)
How was your Tuesday? Did you beat me?
Good trades,
Tom from FINEIGHT
Tom with another recap here.
*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 graphs.*
I hate losing as much as the next guy, but let's be honest, trading comes with losses and as long as you keep them low it's fine!
Two trades today:
1) APA - entry LONG @ 6.85 with 6.45 SL, exited @ 6.5 (saved some money)
2) DAL - entry LONG @24.01 with 23.61 SL, exited SL
SPY behaved funny for my trading style and spoiled my plays. But hey, it's always times like this to come up with some tweaks.
This means I gave up -1.875% today, but still slightly profitable for the week and we've got still 2 more days to go!
Last week I ended with +8% so let's see. Fingers crossed ;)
How was your Tuesday? Did you beat me?
Good trades,
Tom from FINEIGHT
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