Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Air line stock, getting bailed out with government aid
-April 15 2020: US Airlines Accept $25 Billion in Grants to Survive Coronavirus
Technical Analysis
-Intraday pattern: Mountain
-Levels: 30, 30.50, 32
Original Plan / Strategy
First test short of 30.50 by 30.60 level with half dollar and 15 minute market structure confluence
Review
Sized in appropriately but scaled out too quickly.
Lessons Learned: Take time with scaling out, try to anticipate tests and breaks of psychological levels!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-04-15 11:10:17 | UAL | sell | $30.380 | short |
| 2020-04-15 11:11:15 | UAL | sell | $30.460 | short |
| 2020-04-15 11:11:22 | UAL | sell | $30.560 | short |
| 2020-04-15 11:12:57 | UAL | buy | $30.310 | short |
| 2020-04-15 11:13:20 | UAL | buy | $30.270 | short |
| 2020-04-15 11:13:27 | UAL | buy | $30.250 | short |
| 2020-04-15 11:13:27 | UAL | buy | $30.250 | 0 |
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