Fineight

Daytrading RECAP 04/07/20 - SPY Cost Me -1.875%!!

Long
AMEX:SPY   SPDR S&P 500 ETF TRUST
Hi traders,

Tom with another recap here.

*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 graphs.*

I hate losing as much as the next guy, but let's be honest, trading comes with losses and as long as you keep them low it's fine!

Two trades today:
1) APA - entry LONG @ 6.85 with 6.45 SL, exited @ 6.5 (saved some money)
2) DAL - entry LONG @24.01 with 23.61 SL, exited @SL

SPY behaved funny for my trading style and spoiled my plays. But hey, it's always times like this to come up with some tweaks.
This means I gave up -1.875% today, but still slightly profitable for the week and we've got still 2 more days to go!
Last week I ended with +8% so let's see. Fingers crossed ;)

How was your Tuesday? Did you beat me?

Good trades,
Tom from FINEIGHT
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