Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 19 2020: Says bookings outpace cancellations in May
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Consolidation
-Levels: 27, 28, 28.8
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 27.25 by 27 level
Confluence: Whole $, Gap Fill, Prior Close
Strike Zone: 27.25 - 26.83
Sizing (lots): 5
Risk (stop / Rs): Hold below 27
Review / Lessons Learned
Had to recycle shares because trade was not clean, usually I expect these trades to test once then bounce cleanly, this one consolidated above the level for half an hour so I'm glad I wasn't red on the trade, I should have added when it broke below 27.
Lessons Learned: When in a trade and stock consolidates above your level, recycle shares until your core position works or doesn't!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-19 09:35:04 | LUV | buy | $27.460 | long |
| 2020-05-19 09:35:15 | LUV | buy | $27.370 | long |
| 2020-05-19 09:35:19 | LUV | buy | $27.370 | long |
| 2020-05-19 09:35:19 | LUV | buy | $27.370 | long |
| 2020-05-19 09:35:29 | LUV | buy | $27.400 | long |
| 2020-05-19 09:35:29 | LUV | buy | $27.400 | long |
| 2020-05-19 09:37:24 | LUV | sell | $27.590 | long |
| 2020-05-19 09:40:34 | LUV | buy | $27.110 | long |
| 2020-05-19 09:44:30 | LUV | sell | $27.390 | long |
| 2020-05-19 09:52:21 | LUV | sell | $27.340 | long |
| 2020-05-19 09:52:48 | LUV | sell | $27.340 | 0 |
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