i woke up today feeling pretty good. i had BA on my mind since there was so much negative news with the stock. the news was regarding there 737 that had multiple issues and now they decided not to fly the plane and they got multiple lawsuits. as the morning was forming i saw the market wasnt really moving in any direction but sideways. I should have not taken any trades as I saw the sideways.
trade 1:
bad ENTRY:
so i got in at 9:39 not realizing there was a resistance at this level and the stock reversed. im thinking it was a psychological # and traders wanted to claim there profits after 4 green candles also. I wound up using market order to get out since i got paranoid. took a bigger loss than expected. I tried to hit the ask but it wasn't filling for me. my initial entry should have been once i saw the stock vwap and 9ema cross path at 9:34am.
going back i could have managed the trade and came out with a broke even as the stock held nicely on the 9EMA once it pulled back- the stock would up getting back to that major key level resistance of 331.50 at around 9:50 (10 mins later) would have not lost as much!
trade 2:
bad ENTRY
i got in when the play on the downside was basically over. 9:53 should have been my initial entry as the stock kept trying to break above the 331 but it couldnt. on 5 min it was looking bearish. stock broke down and then reversed on the candle i got in at.
alot of issues with trying to get out timely with think or swim.
my orders were not filling. i attempted multiple times to sell the ask price and nothing.
my emotions werent great and i got paranoid. I did hit market out to get out which resulted in a bigger LOSS. i should have been down maybe 1k or less.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-12-18 09:39:52 | 20 DEC 19 332.5 CALL | buy | $2.830 | long |
2019-12-18 09:42:05 | 20 DEC 19 332.5 CALL | sell | $2.360 | long |
2019-12-18 09:42:05 | 20 DEC 19 332.5 CALL | sell | $2.360 | long |
2019-12-18 09:42:05 | 20 DEC 19 332.5 CALL | sell | $2.360 | long |
2019-12-18 09:42:05 | 20 DEC 19 332.5 CALL | sell | $2.360 | long |
2019-12-18 09:42:05 | 20 DEC 19 332.5 CALL | sell | $2.360 | long |
2019-12-18 09:42:05 | 20 DEC 19 332.5 CALL | sell | $2.340 | long |
2019-12-18 09:42:05 | 20 DEC 19 332.5 CALL | sell | $2.340 | long |
2019-12-18 09:42:05 | 20 DEC 19 332.5 CALL | sell | $2.340 | long |
2019-12-18 09:42:05 | 20 DEC 19 332.5 CALL | sell | $2.340 | long |
2019-12-18 09:42:05 | 20 DEC 19 332.5 CALL | sell | $2.340 | 0 |
2019-12-18 09:55:23 | 20 DEC 19 330 PUT | buy | $3.300 | long |
2019-12-18 09:55:23 | 20 DEC 19 330 PUT | buy | $3.300 | long |
2019-12-18 10:12:21 | 20 DEC 19 330 PUT | sell | $2.580 | long |
2019-12-18 10:12:21 | 20 DEC 19 330 PUT | sell | $2.580 | long |
2019-12-18 10:12:21 | 20 DEC 19 330 PUT | sell | $2.570 | long |
2019-12-18 10:12:21 | 20 DEC 19 330 PUT | sell | $2.570 | 0 |
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