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Should You Be Angry At Your LOSSES? - 04/28/20 RECAPHi 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) NYSE:CNK - LONG @14.47, SL 14.07. Good setup that gave in to the SPY falling off the open. -1% 2) NYSE: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
AMEX:SPY
by Fineight
TAL confident TRADE - INSIDERS FOMO entry???Hi traders, this video is slightly different because I would like to show you, how I analyze the market. Everything starts with fundamental analysis. INSIDERS are NOT my FRIENDS , but they know, what´s happening in their company. And I want to play like them . TAL ( NYSE:TAL ) trade was really interesting for me. I saw higher prices and INSIDERS rapidly increased their LONG positions. Compared to the SPY ( AMEX:SPY ) market, decline of TAL was very small! Another LONG sign. Once we have the fundamental analysis done, we can move on to the Price Action analysis (Support/Resistance, trend-lines, value area, major highs/lows). And what are the parameters of the trade I took? Entry: 51.74 SL: 44 PT: 67.01 The video describes what am I focusing on in the markets and I hope it will help you in your own trading. Good trading! Jakub FINEIGHT
AMEX:SPYLong
by Fineight
MSFT the MVP of the Day! - Daytrading RECAP 04/13/20Hi traders, I finally managed to break through somewhat of a stagnation point profits-wise and I'm particularly proud of my MSFT trade which I discuss in the video! *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 description.* Four trades today: 1) PAA - LONG @6.58 combined (was adding into position), it quickly ran out of steam so I closed it early for -0.45% 2) MU - LONG @47.31, this was a no-brainer breakout. +2.09% 3) MSFT - LONG @171, on the first try it hit my SL by 10 cents before turning. -1% 4) MSFT - LONG @171.06 and although it wasn't the largest winner the stock behaved exactly as I expected it to. Much love and +1.78% How you guys did today? Total PnL for the day: +2.43% Total PnL for the week: +0.86% Good trades, Tom | FINEIGHT
AMEX:SPY
by Fineight
1
NEO/BTC - Looking for Downside to my target buy zoneMy first NEO video, so do please be kind! haha NEO in my opinion is one crypto that fair rather well in regards to the over all correction within the crypto space. While it did pull back it did not have a massive pull back like most other and instead really consolidated within a zone in my opinion. I speak to this in the video. At present, I have identified a potential buy zone on NEO if it pulls back based on what I'm seeing in the chart. By no means is this a recommendation for anyone to follow suit.. just what I'm expecting and looking for to play out. I hope you enjoyed the video, give a like and let me know what you think.
N
by Crypto_Sid