Hi traders,
Tuesday meant 2 losing trades for me. Should I be upset? Well, there's no reason as both of them were according to the plan! If I broke it and won I should be at least a little angry with myself. Had I broken it AND lost at the same time, I should have been really furious.
The trading plan gives you psychical support even if you're losing.
Today's trades:
1)
CNK
- LONG @14.47, SL 14.07. Good setup that gave in to the SPY falling off the open. -1%
2)
CCL
- LONG @14.46, SL 14.06. Basically the same but later - it was holding strong DESPITE SPY dropping, an eventual turn in market direction would cause CCL to be a great winner. -0.93%
*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: -1.93%
Total PnL for the week: +0.89%
Good trades,
Tom | FINEIGHT
Tuesday meant 2 losing trades for me. Should I be upset? Well, there's no reason as both of them were according to the plan! If I broke it and won I should be at least a little angry with myself. Had I broken it AND lost at the same time, I should have been really furious.
The trading plan gives you psychical support even if you're losing.
Today's trades:
1)
CNK
- LONG @14.47, SL 14.07. Good setup that gave in to the SPY falling off the open. -1% 2)
CCL
- LONG @14.46, SL 14.06. Basically the same but later - it was holding strong DESPITE SPY dropping, an eventual turn in market direction would cause CCL to be a great winner. -0.93% *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: -1.93%
Total PnL for the week: +0.89%
Good trades,
Tom | FINEIGHT