UAL Trade on Jul 1, 2020 11:18 from beno: Tradervue User Stock Trades.

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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: Consolidation
-Intraday pattern: Parabolic Fade
-Levels: 34, 35, 36.8 - 37, 38

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 of 35.5 level
Confluence: Half $, Gap Fill
Strike Zone: 35.5 - 35
Sizing (lots): 5
Risk (stop / Rs): Hold below 35

Review / Lessons Learned

Missed the first test trade as it bottomed at 35.61 and bounced above 36, tried it when it came back down closer to the 35 level but it was so weak that I only got in half size and took profits quickly, it was a nasty fade today...


Execution detail:

Date/time Symbol Side Price Position
2020-07-01 11:18:32 UAL buy $35.340 long
2020-07-01 11:19:13 UAL buy $35.327 long
2020-07-01 11:19:13 UAL buy $35.330 long
2020-07-01 11:21:06 UAL sell $35.410 long
2020-07-01 11:21:06 UAL sell $35.410 long
2020-07-01 11:22:19 UAL sell $35.470 long
2020-07-01 11:22:57 UAL sell $35.430 0


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