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
-Aug 05 2020: Senator support for new $25B payroll assistance to Air Lines
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Fade
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 14.3 level
Confluence: Gap Fill
Strike Zone: 14.3 - 14
Sizing (lots + emergency): 2500
Risk (stop / Rs): 13.99
Review / Lessons Learned
Had just taken my loss on NIO so I was being more conservative with this one, would have made my NIO losses back had I gone full size into this setup, it went exactly to 14.3 then bounced 40 cents... although its a win on small size this added to my morning tilt as I could have made my losses from other ticker back had I followed my size guide...
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-11 09:41:18 | AAL | buy | $14.310 | long |
| 2020-08-11 09:41:18 | AAL | buy | $14.310 | long |
| 2020-08-11 09:41:43 | AAL | sell | $14.430 | long |
| 2020-08-11 09:42:08 | AAL | sell | $14.580 | long |
| 2020-08-11 09:42:08 | AAL | sell | $14.580 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!