Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Moving with market
-Resorts and casinos industry were way oversold
Technical Analysis
-Intraday pattern: Mountain
-Levels: 9, 9.50, 10, 10.20, 11
Original Plan / Strategy
First test long of 10.20 level
Review
4 minutes into the trade it couldn't bounce more then 15 cents and was clearly being held down on the tape so I closed out of the position for a small win, ended up ripping to 11 but that's hindsight for ya....
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-20 10:41:10 | MGM | buy | $10.190 | long |
| 2020-03-20 10:41:19 | MGM | buy | $10.130 | long |
| 2020-03-20 10:41:26 | MGM | buy | $10.170 | long |
| 2020-03-20 10:42:02 | MGM | sell | $10.290 | long |
| 2020-03-20 10:43:10 | MGM | sell | $10.350 | long |
| 2020-03-20 10:43:17 | MGM | sell | $10.320 | long |
| 2020-03-20 10:44:32 | MGM | sell | $10.263 | long |
| 2020-03-20 10:44:53 | MGM | sell | $10.280 | long |
| 2020-03-20 10:45:33 | MGM | sell | $10.310 | 0 |
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