Shared by
Cklamb
The first trade should be a play book trade. I took this on the initial hold of both the VWAP and the MA. This has been a good setup for longer trades.
However again, it was bad trade management. There was no reason to sell. To trade this better, the entry was solid and on strategy that I believe is going to warrant more risk as I work it out. I need to manage out with stops. I did get almost three to one here. But, there was far more than that.
I felt strongly about the earnings report and the citation of upcoming headwinds the 737 max grounding and higher fuel prices were already in the price.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-04-26 10:33:05 | AAL | buy | $32.600 | long |
| 2019-04-26 10:41:21 | AAL | sell | $32.800 | 0 |
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