UAL Trade on May 27, 2020 10:05 from beno: Tradervue User Stock Trades.

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

-SPY pattern: Bowl
-Intraday pattern: Bowl
-Levels: 28.5, 29.7, 30, 31, 32

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long
Confluence: Gap Fill
Strike Zone: 29.88 - 29.5
Sizing (lots): 4 (but.. see notes)
Risk (stop / Rs): Hold below 29.5

Review / Lessons Learned

CCL and UAL set up at the same time so I didn't go full size into this trade, just dipped my toes, because going full size on both CCL and UAL at the same time exposes me to the same risks on each trade. So its best to only trade one and give it all the attention, I still decided to dip my toes in UAL in case CCL or cruise lines had some negative news in the interim...

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-05-27 10:05:29	UAL	buy	$29.960	long
2020-05-27 10:05:34	UAL	buy	$30.020	long
2020-05-27 10:08:21	UAL	sell	$30.200	long
2020-05-27 10:08:22	UAL	sell	$30.200	long
2020-05-27 10:08:22	UAL	sell	$30.200	long
2020-05-27 10:08:22	UAL	sell	$30.200	long
2020-05-27 10:09:07	UAL	sell	$30.250	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=UAL&trade=15038521&end=20200527103807&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=UAL&trade=15038521&end=20200527113607&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=UAL&trade=15038521&end=20200527160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=UAL&trade=15038521&end=20200626&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}