I am an RSI reversion to mean trader. I usually day trade. So for this one I simply saw a gap down. This was due to a Q2 earnings miss, a profit forecast cut and slowed F-35 sales. This created a great buy opportunity. The hourly RSI showed it was RIPE for a long so I pulled the trigger. Worked out very well!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2022-07-19 09:31:40 | LMT | buy | $375.250 | long |
2022-07-19 09:32:36 | LMT | sell | $381.550 | 0 |
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