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: Consolidation
-Intraday pattern: Fade
-Levels: 13.8, 14 - 14.15, 14.35, 14.7
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test short of 14.1 level
Confluence: Prior Close, 15 minute MS
Strike Zone: 14.09 - 14.15
Sizing (lots): 3
Risk (stop / Rs): Hold above 14.15, then break of 14.135 swing high
Review / Lessons Learned
Scaled in too 2/3 and took small profits when it went down, re-hit the pop and got back to full size, I need to get used to trading more fluidly like this! (by recycling shares until trade works or I get stopped out)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-20 11:19:52 | CCL | sell | $14.112 | short |
| 2020-05-20 11:19:58 | CCL | sell | $14.120 | short |
| 2020-05-20 11:19:59 | CCL | sell | $14.120 | short |
| 2020-05-20 11:20:31 | CCL | buy | $14.067 | short |
| 2020-05-20 11:23:40 | CCL | buy | $14.060 | short |
| 2020-05-20 11:25:01 | CCL | buy | $14.050 | short |
| 2020-05-20 11:25:23 | CCL | sell | $14.110 | short |
| 2020-05-20 11:26:12 | CCL | sell | $14.120 | short |
| 2020-05-20 11:26:12 | CCL | sell | $14.120 | short |
| 2020-05-20 11:26:12 | CCL | sell | $14.120 | short |
| 2020-05-20 11:26:12 | CCL | sell | $14.122 | short |
| 2020-05-20 11:28:16 | CCL | buy | $14.080 | short |
| 2020-05-20 11:30:07 | CCL | buy | $14.065 | short |
| 2020-05-20 11:30:15 | CCL | buy | $14.045 | short |
| 2020-05-20 11:31:18 | CCL | buy | $13.990 | short |
| 2020-05-20 11:33:52 | CCL | buy | $14.010 | 0 |
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