Hi traders,
Market was going down strongly on Thursday, sadly I mistimed some of my trader or didn't take profit when I had the chance.
But apart from that I'm telling you why I knew the airlines weren't going down from the open but rather up, despite gapping down significantly. Next time you see a situation like this it can save or even MAKE you money!
Trades:
1) GOLD, LONG @25.71, -1.05%
2) MRNA - LONG @64.55, -0.55%
3) CSCO - SHORT @45.98, +1.38%
4) PENN - SHORT @28.94, -1.08%
*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: -1.29%
Total PnL for the week: -3.34%
Good trades,
Tom | FINEIGHT
Market was going down strongly on Thursday, sadly I mistimed some of my trader or didn't take profit when I had the chance.
But apart from that I'm telling you why I knew the airlines weren't going down from the open but rather up, despite gapping down significantly. Next time you see a situation like this it can save or even MAKE you money!
Trades:
1) GOLD, LONG @25.71, -1.05%
2) MRNA - LONG @64.55, -0.55%
3) CSCO - SHORT @45.98, +1.38%
4) PENN - SHORT @28.94, -1.08%
*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: -1.29%
Total PnL for the week: -3.34%
Good trades,
Tom | FINEIGHT
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