CCL Trade on Jun 22, 2020 10:17 from mrideout: Tradervue User Stock Trades.

Daily:
Price level at 20.04.

Since June 15, price has not been able to close above. Stock in downtrend.

50 EMA at 18.00, possibly resistance if stock opens below.

Intraday:

Premarket sold off on light volume to below prior day after hours close. Price below daily 50 ema.

This is also another chase. After taking two losing trades on CCL, I flipped short again for the break of 17. The trade did become profitable for a period of time, reaching near 16.50 but I didn't take profit. The trade then reversed and I exited for a small loss when it could have been a decent profit.

Areas of improvement

After the first two failed trades and refusing to stop out properly, I should have stepped away from trading to recollect myself.

This trade was another revenge trade and a chase. Price was extended from the 9 EMA on the 5 min, and I should have waited for either a pull back or a consolidation to take place before entering.

When the trade did become profitable and price became extended, I should have exited and wait for another pull back and entry signal to reshort.