Shared by
CapitalMastery
Summary
Super duper stupid on-tilt gamble trade.
Did Right
- Stopped out before I killed my account
Did Wrong
- Took this kind of trade
- Didn't stop to check the news/catalyst for this sell off, and started a dip buy trade without knowing that cruise lines were delayed from opening even further. So damn stupid.
Improvements
- Don't take these trades, and never ever ever swing for the fences out of desperation for a green day. Just creates bad habits, and puts me at unnecessary risks.
Next Trade
None; staying away from cruise lines for now. No reason to buy, and pretty over-sold at this point. Don't see an edge. If I had to guess though, I'd expect this thing to bounce, after a selloff on the open.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-07-16 15:49:38 | NCLH | buy | $15.749 | long |
| 2020-07-16 15:50:13 | NCLH | buy | $15.730 | long |
| 2020-07-16 15:50:13 | NCLH | buy | $15.730 | long |
| 2020-07-16 15:50:17 | NCLH | buy | $15.730 | long |
| 2020-07-16 15:50:23 | NCLH | buy | $15.726 | long |
| 2020-07-16 15:52:18 | NCLH | sell | $15.710 | long |
| 2020-07-16 15:52:18 | NCLH | sell | $15.710 | long |
| 2020-07-16 15:52:18 | NCLH | sell | $15.710 | long |
| 2020-07-16 15:52:18 | NCLH | sell | $15.715 | 0 |
| 2020-07-16 15:55:57 | NCLH | buy | $15.670 | long |
| 2020-07-16 15:55:57 | NCLH | buy | $15.670 | long |
| 2020-07-16 15:55:57 | NCLH | buy | $15.670 | long |
| 2020-07-16 15:55:57 | NCLH | buy | $15.670 | long |
| 2020-07-16 15:56:27 | NCLH | sell | $15.665 | 0 |
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