CCL Trade on Oct 22, 2020 10:49 from tjmiller2001: Tradervue User Stock Trades.

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tjmiller2001

 

Name consolidated at open then showed strength by pulling back and holding above VWAP twice. A higher high signaled to em taht the uptrend was still valid, and that a pullback on a higher low was appropiate.

Set levels for a 3:1 RR then set orders to scale in at 14.66 and .65 and .64. Price dipped down to .66 and filled me then never looked back. My position sizing was way too small, in the future I will try to enter with about $100 to each position. This should've been a bigger P/L winner than it was, poor sizing held me back.

Good entry near VWAP, thesis then proved correct. Got out as soon as PT was hit. Sold too early. Should've waited for a "Reason2Sell."

In the future, focusing on my sizing and scaling out of exits will turn small wins on this setup to big ones. The opportunity was there, next time I just need to play it better.

Lesson Learned: Focus on appropriate position sizing to take advantage of big moves or strong setups.

If you have multiple shares, scale out instead of getting completely out when you hit your TP level. Keep in mind major "Reasons2Sell" and get out when you notice one of them.


Execution detail:

Date/time Symbol Side Price Position
2020-10-22 10:49:20 CCL buy $14.660 long
2020-10-22 10:52:23 CCL sell $14.800 0


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