Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-US to provide $50B of stimulus to air line industry in order to avoid bankruptcies
-May 02 2020: Warren Buffet sold all air line stocks in portfolio
-Jun 04 2020: Leadership change, dozen officers leaving, reopening flights next month
-Jun 05 2020: Citron short biased tweets
Technical Analysis
-SPY pattern: Consolidation
-Intraday pattern: Parabolic Fade
-Levels: 18, 19.7, 21, 22
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 22 level
Confluence: Whole $, PM Level
Strike Zone: 22 - 21.9
Sizing (lots): 3
Risk (stop / Rs): Hold below 22
Review / Lessons Learned
Only took it with two lots because this swing move was way over extended
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-05 09:47:56 | AAL | buy | $22.070 | long |
| 2020-06-05 09:47:56 | AAL | buy | $22.060 | long |
| 2020-06-05 09:47:58 | AAL | buy | $21.990 | long |
| 2020-06-05 09:48:31 | AAL | sell | $22.190 | long |
| 2020-06-05 09:48:32 | AAL | sell | $22.190 | long |
| 2020-06-05 09:49:32 | AAL | sell | $22.330 | 0 |
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