Hi traders,
What a day! I took a record of 7 trades (my average is about 3) and all of them were beautiful setups. But most of the time the market went immediately against me and pushed the stocks I traded the other way!
Key point here is not to give in and blame the market - it doesn't care at all and you can't sue it :D
Reduce the size so you don't exceed your maximal daily loss but stay in the game if you are mentally in a good state (for beginners I'd suggest switching to DEMO after 2 consecutive losses, though!).
Yes, being down for the week again sucks, but thanks to good risk management it's just over 1 percent - a single winning trade away from turning green. This is why RM is your priority. It's much harder, if not almost impossible digging yourself up from 10, 20 or 30% Drawdown
My Trades:
1) CODX - LONG @28.39, -0.95%
2) Z - LONG @46.53, +1.18%
3) MRNA - SHORT @61.95, -0.75%
4) AMD - LONG @53.03, -0.93%
5) UNFI - SHORT @18.89, -0.04%
6) DDOG - SHORT @62.78, -1.08%
7) SYF - LONG @17.02, -0.65%
*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: -3.22%
Total PnL for the week: -1.37%
Good trades,
Tom | FINEIGHT
What a day! I took a record of 7 trades (my average is about 3) and all of them were beautiful setups. But most of the time the market went immediately against me and pushed the stocks I traded the other way!
Key point here is not to give in and blame the market - it doesn't care at all and you can't sue it :D
Reduce the size so you don't exceed your maximal daily loss but stay in the game if you are mentally in a good state (for beginners I'd suggest switching to DEMO after 2 consecutive losses, though!).
Yes, being down for the week again sucks, but thanks to good risk management it's just over 1 percent - a single winning trade away from turning green. This is why RM is your priority. It's much harder, if not almost impossible digging yourself up from 10, 20 or 30% Drawdown
My Trades:
1) CODX - LONG @28.39, -0.95%
2) Z - LONG @46.53, +1.18%
3) MRNA - SHORT @61.95, -0.75%
4) AMD - LONG @53.03, -0.93%
5) UNFI - SHORT @18.89, -0.04%
6) DDOG - SHORT @62.78, -1.08%
7) SYF - LONG @17.02, -0.65%
*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: -3.22%
Total PnL for the week: -1.37%
Good trades,
Tom | FINEIGHT
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.