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
-May 04 2020: Will open 8 ships for business on August 1rst
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Runner
-Levels: 12.75, 13.7 - 13.8, 14.5
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 Short of 13.70 by 13.8 level
Confluence: Gap fill
Sizing (lots): 4
Risk (stop / Rs): Hold above 14
Review / Lessons Learned
OGT and I tried hard to get to full size, I was one lot away, I had my last order in but couldn't get filled due to SSR. I could have tried moving my order down to chase my last entry but it tanked pretty hard and fast.
I'm made the conscious decision to not hold any lots for longer because CCL had SSR and had just released good news about opening business in August.
Overall I'm happy that I dealt with my entries in an aggressive way but I could have been more aggressive.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-04 09:46:28 | CCL | sell | $13.660 | short |
| 2020-05-04 09:46:29 | CCL | sell | $13.680 | short |
| 2020-05-04 09:46:32 | CCL | sell | $13.680 | short |
| 2020-05-04 09:46:38 | CCL | sell | $13.690 | short |
| 2020-05-04 09:46:39 | CCL | sell | $13.700 | short |
| 2020-05-04 09:46:39 | CCL | sell | $13.700 | short |
| 2020-05-04 09:47:03 | CCL | buy | $13.540 | short |
| 2020-05-04 09:47:18 | CCL | buy | $13.460 | short |
| 2020-05-04 09:47:40 | CCL | buy | $13.390 | short |
| 2020-05-04 09:48:09 | CCL | buy | $13.446 | short |
| 2020-05-04 09:48:09 | CCL | buy | $13.450 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!