Shared by
E-Money
3/21/18
LUV:
Missed the entry to short it, but managed to catch a reversal in this stock towards the long at 10:42, 100 shares at $56.95 with a stop loss at $56.78, underneath the consolidation. The risk-reward was worth it.
Wanted to target $58 if possible.
Trimmed 30 shares at $57.46, in anticipation of resistance at $57.50.
Closed out remaining 70 shares at 11:00:58 at $57.36 due to inclement weather.
- Used RSI to gauge what was going on in LUV.
- Used stopping volume to confirm that there was support at the $57 level.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-03-21 10:42:58 | LUV | buy | $56.950 | long |
| 2018-03-21 10:52:09 | LUV | sell | $57.460 | long |
| 2018-03-21 11:00:58 | LUV | sell | $57.360 | 0 |
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