Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-US to provide $50B of stimulus to air line industry in order to avoid bankruptcies
Technical Analysis
-Intraday pattern: Bowl
-Levels: 10, 11, 11.50, 13
Original Plan / Strategy
First test long of the 11.50 level with half dollar confluence
Review
Even though this wasn't my best trade today, I feel like I managed this trade extremely well and to its full potential. Started scaling in small with starters and got bigger when it was at my level. The stock made a low of 11.46 and I didn't stop out (I GAVE THE STOCK THE BENEFIT OF THE DOUBT AND RESPECTED MY MARKET STRUCTURE STOP BELOW 11.40!!!) I also gave ample time between my profit takers but the stock simply couldn't bounce further!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-18 15:28:38 | AAL | buy | $11.770 | long |
| 2020-03-18 15:28:57 | AAL | buy | $11.700 | long |
| 2020-03-18 15:28:59 | AAL | buy | $11.680 | long |
| 2020-03-18 15:29:04 | AAL | buy | $11.650 | long |
| 2020-03-18 15:29:29 | AAL | buy | $11.560 | long |
| 2020-03-18 15:32:52 | AAL | sell | $11.660 | long |
| 2020-03-18 15:33:39 | AAL | sell | $11.750 | long |
| 2020-03-18 15:33:56 | AAL | sell | $11.830 | long |
| 2020-03-18 15:34:06 | AAL | sell | $11.870 | long |
| 2020-03-18 15:34:27 | AAL | sell | $11.851 | long |
| 2020-03-18 15:35:06 | AAL | sell | $11.890 | long |
| 2020-03-18 15:36:05 | AAL | sell | $11.860 | long |
| 2020-03-18 15:37:03 | AAL | sell | $11.770 | 0 |
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