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Citigroup

Potentially Green Day Turned Red - Here's WHY - 06/10/20 RECAPHi traders, Murphy says the very next time we decide to do something, it won't work. That's what happened to me on Wednesday as I re-entered Citigroup after missing a re-entry on Tuesday in PTON. Aaand ended with 2 losses. The day was even more painful because in UNFI I spotted 2 good opportunities - both of which worked - but did not get filled. A nice profit ended up in a loss. But all I can do is to readjust and try better next time! Trades: 1) CSCO - SHORT @47.39, -0.14% 2) C - SHORT @56.98, -1.02% 3) C - SHORT @56.99, -1% *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: -2.16% Total PnL for the week: -2.05% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
CITIGROUP (C) IN A CLASSIC FLAG FORMATION after a strong bearish wave, we see a steady recovery on CITI. the price is steadily going up within a rising parallel channel called a bearish flag pattern. its called bearish because even if the sentiment is locally bullish, on a long run stock is falling and we keep our bearish bias. we don't know how long the price will be within, the only trigger for us is the breakout. daily candle close below is the perfect signal to look for a short trade, expecting a continuation to current structure low with a potential rally to the downside! keep watching citi and try to catch a perfect swing short! good luck!
NYSE:CShort
by VasilyTrader
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