3/21/18

AAL:

Sympathy play next to LUV, above average volume on the daily.

9:54- Rip to resistance setup, shorted 300 shares at $53.85, stop loss at $53.96.
- Should have given stop a bit above $54 level.
- Had a target of $53 level, or as close as possible.

10:01- Moved stop loss to $53.89.

Decided to hold on to this as long as possible, looking at RSI alongside the price movement.

10:27- Wanted to close out at $53.28, but got slipped 10 cents. Manually closed 300 shares at $53.38 because:
1. RSI demonstrated divergence.
2. Large green volume gave me a signal to start considering exiting soon.