PENN Trade on May 28, 2020 13:12 from beno: Tradervue User Stock Trades.

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beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-May 20 2020: Announces re-opening of its 10 casinos

Technical Analysis

-SPY pattern: Mountain
-Intraday pattern: Mountain
-Levels: 31.5, 32.5, 33, 34, 35

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long of 32.5 level
Confluence: Half $
Strike Zone: 32.87 - 32.5
Sizing (lots): 3
Risk (stop / Rs): Hold below 31.5

Review / Lessons Learned

Only took with 1 lot, not sure why, the down move scared me, had lots of opportunity to get in, get out, and recycle some shares, definitely disappointed that I didn't take advantage of this trade.

Lessons Learned: Get to full size, especially when PA is near bottom of strike zone (this is where R/R is best!!)

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-05-28 13:12:06	PENN	buy	$32.700	long
2020-05-28 13:12:07	PENN	buy	$32.700	long
2020-05-28 13:16:44	PENN	sell	$32.833	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PENN&trade=15077750&end=20200528134544&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PENN&trade=15077750&end=20200528144644&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PENN&trade=15077750&end=20200528160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PENN&trade=15077750&end=20200627&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}