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Shared by
beno

 

LUV

May 19, 2020 09:35


Tags:

Swing Frontside Share Recycling Scalping Lessons Learned LIVE Intraday Backside FT-15 Emergency Add ETB Confluence-Whole$ Confluence-PriorClose Confluence-Gap-Fill

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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