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: Afternoon Runner
-Intraday pattern: Consolidation
-Levels: 27, 27.5, 28.5, 29
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 short of 28.5 by 28.75 level
Confluence: Half $, Gap Fill
Strike Zone: 28.5 - 28.75
Sizing (lots): 4
Risk (stop / Rs): Hold above 28.75
Review / Lessons Learned
Only got half size before my strike zone as my rules say, would have gotten full size if PA would have entered strike zone. Took profits on weakness.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-29 09:39:38 | UAL | sell | $28.400 | short |
| 2020-05-29 09:39:43 | UAL | sell | $28.430 | short |
| 2020-05-29 09:40:14 | UAL | buy | $28.200 | short |
| 2020-05-29 09:41:04 | UAL | buy | $27.977 | 0 |
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