AAL Trade on Mar 12, 2021 01:35 from thebadtrader: Tradervue User Stock Trades.

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thebadtrader

 

Market Condition (Uptrend, Downtrend, Under Pressure, Rangebound):
- QQQ Rangebound. Broke out of 10ma, 20ma & 50ma yesterday but didn't hold.
- DJI Uptrend. 5th day into brekout.
- SPX Uptrend. 4th day into brekout.
- RUT Uptrend. 4th day into brekout.
- FSK (3 days ago) Breakout Failed
- Uber, SBLK Breakout sustained

AAL showed up during the market. Was not on my watchlist pre-market.

Was the strongest out of reopening playgroup (airlines, retail, and cruise lines)
- Norwegian was weak when AAL was strong (in terms of price pulling back).
- Norwegian had an ugly setup
- Other airlines like SAVE were up, but AAL chart and breakout looked strongest to me at the time.

Potential Improvements:
Executed well. Was a bit slow to put the position on, but in the time I lost, I sensed that AAL was stronger than the other reopening play stocks

Started using half size. Half account size going forward as this is what I'm most comfortable with for now.

EDIT: 16/02/2021
- 3rd day Took off 1/3 on weakness
- Stops moved to 10ma or breakeven, the higher of the two

EBIT: 17/02/2021
- Sold position due to market weakness on open


Execution detail:

Date/time Symbol Side Price Position
2021-03-12 01:35:06 AAL buy $22.660 long
2021-03-16 09:56:33 AAL sell $24.840 long
2021-03-17 10:06:58 AAL sell $24.720 0


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