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
-May 02 2020: Warren Buffet sold all air line stocks in portfolio
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Bear Flag
-Levels: 9, 9.35, 9.5, 9.75
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 short of 9.5 level
Confluence: Prior close, VWAP, Half dollar
Sizing (lots): 5
Risk (stop / Rs): Hold above 9.5
Review / Lessons Learned
Called out to me as it was breaking down and setting up, was kind of scrambling to make a decision of whether or no to take it, I went for it but hesitated to scale up as I wasn't sure how many lots I should be going in (I didn't pre-define it!).
Lessons Learned: Be certain about your actions (always define how many lots) - THEN, FUCKING EXECUTE IT!!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-06 09:49:48 | AAL | sell | $9.390 | short |
| 2020-05-06 09:49:48 | AAL | sell | $9.390 | short |
| 2020-05-06 09:52:04 | AAL | buy | $9.320 | short |
| 2020-05-06 09:53:27 | AAL | buy | $9.290 | short |
| 2020-05-06 09:53:27 | AAL | buy | $9.290 | 0 |
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