DAL Trade on Mar 7, 2023 09:31 from kgauvin25: Tradervue User Stock Trades.

Takeaways:
- Have to practice reacting to when there is market moving event
- Gameplan for what I will do --> Visualize worst case scenario ---> and accept risk or no risk going into the event

Market:
- Slight common gap up after Failed breakout yesterday and just in really tough spot ---> Some could say still in ST Bear Market, but above last weeks range still
- Because could argue either way plus Powell speaking at 10am market not in play and so need to find tickers in play

- Levels
- Above 405- buy
- 400 - 405, lean buy
- Below 405 - cautious short
- Below 400 - short
- Powell Speaking at 10am which has 3 effects
- At open really need names in play as market will prob chop until then
- If have any names look to be light into 10am
- Market could make big move post speech in either direction
- Again higher prob of chop, cannot be too greedy, Powell at 10

$DAL
- Airlines - industrial
- Upgrade
- ATR 1, AV 9.7m, not big mover ---> do not take lots space risk
- Daily Bullish Chart, 39 Clean Level (7/1) r2 39.25, 39.5
- Pretrade
- This was my top watch, as all my earnings names on my WL were significantly more extended
- Quickly off the open my WL names such as $SE, $TCOM, $BKSY were all super spready, $DAl was the only name not spready, so this became my focus
- Was gaining momo --> Heard derrick say he was getting in, which definitive enticed me more to get in
- Quickly calculated only 30 cents risk, 8 EMA not too far away, and right at decent daily level with upgrade --> This was worth taking

- Execution
- Buy stopped in through $39
- Quickly ITM, but 30 cents move was needed to cover risk
- Def wish I could have a little less risk but still worth it
- 8 EMA caught up low, which i was happy with
- Got my risk covered and sold some more in front of 39.50 (which my original offer was aty 39.6 as I felt this was more close to daily Res
- Then heard DO say "good spot to book profit" and this got me to offer low
- Got this sale in, and then watched stock trade through orginal offer
- Nothing can do just next time I need to establish where I should put offers and as long as they make sense do not emotionally change
- plan for remainder was to trail
- As we were getting closer to 10am , i had offer fro remainder in front of 40, but never got there
- Then Powell came out with super hawkish comments and market tanked
- This caused me to panic a bit as I have never seen this
- I ended up offering out my last piece when market was getting wrecked

- Review:
- Locked in a decent trade but have to gameplan better for when there is a market triggering event
- Have to practice reacting to when there is market moving event
- Game plan for what I will do --> Visualize worst case scenario ---> and accept risk or no risk going into the event