Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 11 2020: Speculation about getting business from Frontier Airlines
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Parabolic Fade
-Levels: 1.6 (SSR), 2, 2.5
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 1.95 by 1.85
Confluence: Gap Fill, Prior Close
Strike Zone: 1.95 - 1.85
Sizing (lots): 5
Risk (stop / Rs): Hold below 1.80, Prior close at 1.78 so quick test wouldn't invalidated the trade
Review / Lessons Learned
This was a good trade but I didn't get to my pre-defined size of 5 lots, only got 3!
Lessons Learned: Always get to pre-defined size!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-12 12:15:15 | MARK | buy | $1.970 | long |
| 2020-05-12 12:16:21 | MARK | buy | $1.940 | long |
| 2020-05-12 12:16:21 | MARK | buy | $1.940 | long |
| 2020-05-12 12:17:05 | MARK | buy | $1.920 | long |
| 2020-05-12 12:20:06 | MARK | sell | $2.010 | long |
| 2020-05-12 12:20:17 | MARK | sell | $2.010 | long |
| 2020-05-12 12:20:42 | MARK | sell | $2.030 | long |
| 2020-05-12 12:21:02 | MARK | sell | $2.030 | long |
| 2020-05-12 12:22:12 | MARK | sell | $2.020 | long |
| 2020-05-12 12:22:12 | MARK | sell | $2.020 | long |
| 2020-05-12 12:23:37 | MARK | sell | $2.040 | long |
| 2020-05-12 12:24:39 | MARK | sell | $2.083 | long |
| 2020-05-12 12:25:05 | MARK | sell | $2.073 | long |
| 2020-05-12 12:26:16 | MARK | sell | $2.050 | long |
| 2020-05-12 12:26:16 | MARK | sell | $2.054 | 0 |
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