Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Cruise line industry was extremely oversold
-US stimulus bill might not include major cruise lines as they're not incorporated in USA
Technical Analysis
-Intraday pattern: Mountain
-Levels: 12, 13, 13.70 - 13.80, 14.50
Original Plan / Strategy
FT-15 short of 12.50 level with half dollar confluence
Review
Scaled to full size then started taking profits but it reserve and retested the level, almost went to 13, stopped out. It actually failed at the prior close level THAT I COULD HAVE USED INSTEAD TO ADD EMERGENCY LOTS TO TRY AND SCRATCH THE TRADE OR MAKE IT PROFITABLE.
Lessons Learned: If stock goes further than you think and you have another level or confluence factor close by, add emergency lots and try to salvage the trade instead of taking the loss!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-03-31 09:40:09 | CCL | sell | $12.370 | short |
| 2020-03-31 09:40:13 | CCL | sell | $12.360 | short |
| 2020-03-31 09:40:17 | CCL | sell | $12.420 | short |
| 2020-03-31 09:40:21 | CCL | sell | $12.480 | short |
| 2020-03-31 09:40:56 | CCL | buy | $12.230 | short |
| 2020-03-31 09:41:31 | CCL | sell | $12.540 | short |
| 2020-03-31 09:42:01 | CCL | buy | $12.680 | 0 |
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