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Shared by
YoungSantana

 

LUV

Jun 9, 2020 10:28


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Notes on the trade: On my first attempt I saw the stock recovering after a big pullback so I decided to take the trade on the break of $38.05 since it was looking bullish and strong on the 5 min chart, however, the stock pulled back and stopped me out for a small loss.

For my second trade I saw how DAL which is in the same sector as LUV (airline sector) began to gain momentum with strong volumen, once I saw that I began to pay close attention to LUV since my idea was that if DAL was moving, then, there was a possibility that other stocks within the sector would follow suit. I was correct! After a few seconds LUV began to trend up which made me take another trade at the same price as my previous losing trade $38.05. This time the trade began to work almost instantly. I saw the bullish strength on the 5,15 and 30 min charts, and once I was in the money I began to trail my stop until I got stopped out for a profit. I was managing my trades on DAL and LUV at the same time.


Execution detail:

Date/time Symbol Side Price Position
2020-06-09 10:28:02 LUV buy $38.060 long
2020-06-09 10:28:21 LUV sell $37.900 0
2020-06-09 10:46:50 LUV buy $38.050 long
2020-06-09 10:46:50 LUV buy $38.050 long
2020-06-09 10:51:39 LUV sell $38.300 0


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