Shared by
CapitalMastery
Summary
- In play market stock that sold off during open; tried to catch reversal, but was using too much size on initial attempts front side, and wasn't able to compensate backside due to mediocre rebound.
- Didn't end up retrying NCLH after first failed attempt to catch rebound as I was already playing UAL, so felt redundant use of buying power. Additionally NCLH felt much weaker than other market stocks today.
Did Right
- Waited for known playbook trade to setup before entering trade
Did Wrong
- Placed redundant trade in market stock which is similar to doubling size on a single market stock, but with the added downside of diluting my focus.
Improvements
- Limit positions to unique opportunities in the market; be careful not to double up on similar stocks/trades.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-16 09:55:50 | NCLH | buy | $21.665 | long |
| 2020-06-16 09:55:53 | NCLH | buy | $21.685 | long |
| 2020-06-16 09:55:53 | NCLH | buy | $21.690 | long |
| 2020-06-16 10:06:05 | NCLH | sell | $21.940 | long |
| 2020-06-16 10:43:29 | NCLH | sell | $21.235 | long |
| 2020-06-16 10:43:29 | NCLH | sell | $21.230 | 0 |
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