set up 6/10:
good: Stock had good news on anticipation of a stimulus bill. After strong morning momentum, it consolidated above the important daily level of 42. At 42.60 buyers were holding level.
bad: Stock was quite overbought by that time.
entry 7/10:
as soon as the stock started showing bids stepping, getting long near the 1 min support level.
exit 8/10:
good: Was able to identify weakness at 43 and sold partially.
Trading airlines is usually a very choppy experience, I should make sure the catalyst is strong enough to keep the trend
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-10-23 12:55:04 | LUV | buy | $42.760 | long |
2020-10-23 12:58:10 | LUV | buy | $42.630 | long |
2020-10-23 13:34:37 | LUV | sell | $43.020 | long |
2020-10-23 13:34:50 | LUV | sell | $43.050 | long |
2020-10-23 15:31:31 | LUV | sell | $42.760 | long |
2020-10-23 15:37:03 | LUV | sell | $42.825 | long |
2020-10-23 15:37:04 | LUV | sell | $42.825 | long |
2020-10-23 15:41:14 | LUV | sell | $42.875 | long |
2020-10-23 15:42:40 | LUV | sell | $42.900 | 0 |
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