Shared by
Cklamb
LB
Intraday Fundamentals
• Second DAY play on cost cutting and analyst changes
Technicals
ADV 8.52 RVOL 4.85 BETA 1.32 ATR 1.29 Short 9.32% Inst Own 82.9%
Daily Chart
Hourly Chart
Intra Chart
Trading Strategy
Reading the Tape
I did not see anything on this to help me hold this trade.
Trade Management
Trade Notes
This was the resistance play that i was working the day prior. However, when it started to work against me the thoughts of the run up yesterday got me out of the trade way too early. I stopped when it started to hold above 25 as I did not want to go through another run-up. But, this trade worked and would have been a home run with the same amount of patience that I had given it the day before.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-30 09:33:07 | LB | sell | $24.692 | short |
| 2020-07-30 09:34:03 | LB | sell | $24.880 | short |
| 2020-07-30 09:34:24 | LB | sell | $24.922 | short |
| 2020-07-30 09:34:51 | LB | sell | $25.002 | short |
| 2020-07-30 09:35:25 | LB | buy | $24.816 | short |
| 2020-07-30 09:36:24 | LB | sell | $24.910 | short |
| 2020-07-30 09:39:12 | LB | buy | $24.885 | 0 |
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