Shared by
Defy
Still was staking this play from Monday. it was positive earnings but never got above the 60 level.
still holding daily support level so I felt confident that one of the upcoming days it would stay to move back towards the 60's.
on this day it was holding the 58.50 point on the chart which has been a major inflection point on the chart, this provided the confidence I needed to take a position on this day.
Took the starter alittle early but didnt get scared out on the dip that followed. kept to my game plan and added to the position once I seen the confirmation on the dip.
held it through 59 even on the dip to 58.90 because it was still holding higher lows. sold into the second pop due to the time being right around 12:00pm and I wasnt interested in going red on this play.
Going Forward
would like to have taken off half position and kept a core so that I could have added if I seen a spot to do so. yes I would have possibly taken less on P/l but I also think it would have given me a better chance to nail the next leg up on this
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-01-10 11:01:20 | LEN | buy | $58.950 | long |
| 2020-01-10 11:16:07 | LEN | buy | $58.792 | long |
| 2020-01-10 11:30:49 | LEN | sell | $59.055 | 0 |
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