AAL Trade on Sep 16, 2019 11:41 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

AAL
Intraday Fundamentals
• Fuel cost concerns
Technicals
ADV 6.6 m RVOL 1.05 ATR .88 BETA 1.73 Short 5.29 % Inst Own. 80%

Trading Plan
• Short @ 29 ish with the stop at 29.50 if it jumps here in the opening, work the trade down to free and hold until 28 take half off at 28.50 add if it break 28 strongly
• Consider a long at 28 if it holds and bases a bit with a stop at 27.70 target 29
• Short at 28 or VWAP if this is trending lower after 8 am
Reading the Tape
I did not take enough to read the tape pre trade. I am not sure if I could have read much on this as I was not able to so much as I was in the trade other than some stepping up of some small bids.
Trade Management

Trade Review
• Vwap Support hold Play
• Took .22 cents and was expecting a bit of a pull back from VWAP
• Target 28.75 or 1 to 1.5 not a good a set up
• Not a great trade to start with. But well managed by getting the risk off.
• I felt the trade would break if .51 dropped and set the stop just below there. The stick did fall the rest of the day.
• I should have looked for the short off of the lower high after the lower low.
Trade Grade
Preparation 7 10 I knew why this was moving. I did have some shorts planned and I missed the one long that I had planned at the open. This was plan 3 on the vwap play
Hard Work 6 10 I followed this for a bit on the rebound to help reduce my risk on the trade
Patience 5 10 I needed to wait for the flush and the retake of VWAP

Plan 7 10 Yes actually…
Discipline 8 10 Yes… real good on this one.

image


Execution detail:

Date/time Symbol Side Price Position
2019-09-16 11:41:12 AAL buy $28.420 long
2019-09-16 11:41:12 AAL buy $28.416 long
2019-09-16 12:49:17 AAL sell $28.470 0


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