Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-May 19 2020: Says bookings outpace cancellations in May
-Jun 05 2020: Moving in sympathy to news on AAL (Citron short tweet and following market)
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Parabolic Fade
-Levels: 37.5, 39, 40.75, 41.6, 42.3
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long
Confluence: Half $, Gap Fill
Strike Zone: 39.75 - 39.35
Sizing (lots): 4
Risk (stop / Rs): Hold below 39
Review / Lessons Learned
PA went way further than anticipated so I was treating this as a loss and looked to scratch it.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-05 09:57:13 | LUV | buy | $39.580 | long |
| 2020-06-05 09:57:13 | LUV | buy | $39.580 | long |
| 2020-06-05 09:57:28 | LUV | buy | $39.440 | long |
| 2020-06-05 09:57:28 | LUV | buy | $39.440 | long |
| 2020-06-05 09:58:33 | LUV | buy | $39.110 | long |
| 2020-06-05 09:58:33 | LUV | buy | $39.110 | long |
| 2020-06-05 09:59:40 | LUV | sell | $39.380 | long |
| 2020-06-05 09:59:40 | LUV | sell | $39.380 | long |
| 2020-06-05 09:59:40 | LUV | sell | $39.380 | long |
| 2020-06-05 10:00:40 | LUV | sell | $39.510 | long |
| 2020-06-05 10:00:40 | LUV | sell | $39.510 | long |
| 2020-06-05 10:01:02 | LUV | sell | $39.600 | long |
| 2020-06-05 10:01:02 | LUV | sell | $39.610 | 0 |
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