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
-Jun 19: Cruise Lines International Association (CLIA) announced a voluntary suspension of operations from U.S. ports until September 15 due to the COVID-19 outbreak
-Jul 09 2020: Carnival Corporation's AIDA Cruises to restart sailing vacations in August
Technical Analysis
-SPY pattern: Afternoon Runner
-Intraday pattern: Runner
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 16.67
Confluence: PM Level
Strike Zone: 16.7 - 16.55
Sizing (lots + emergency): 100
Risk (stop / Rs): 16.49
Review / Lessons Learned
+1R trade and trade of the day. Got to half size, should have added to full when I saw support hold on the tape for awhile.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-08-28 09:52:59 | CCL | buy | $16.700 | long |
| 2020-08-28 09:54:08 | CCL | sell | $16.840 | long |
| 2020-08-28 09:54:08 | CCL | sell | $16.840 | long |
| 2020-08-28 09:54:08 | CCL | sell | $16.840 | long |
| 2020-08-28 09:58:03 | CCL | sell | $17.005 | long |
| 2020-08-28 09:58:03 | CCL | sell | $17.001 | long |
| 2020-08-28 09:58:03 | CCL | sell | $17.000 | 0 |
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