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
-Oct 30 2020: CDC ISSUES GUIDELINES FOR PHASED RESUMPTION OF CRUISES
Technical Analysis
-SPY pattern: Bear Flag
-Intraday pattern: Bull Flag
-Other notes: N/a
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 13.7 level
Confluence: N/a
Strike Zone: 13.75 - 13.6
Sizing (lots + emergency): 500
Risk (stop / Rs): Hold below 13.7
Review / Lessons Learned
Small wallet padder trade, wasn't expecting a huge bounce considering the amount of overhead resistance. Tried it a second time at the demand line but tape turned weak so I cut second attempt quick. +0.5R
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-10-30 14:28:02 | CCL | buy | $13.698 | long |
| 2020-10-30 14:28:02 | CCL | buy | $13.695 | long |
| 2020-10-30 14:28:02 | CCL | buy | $13.700 | long |
| 2020-10-30 14:28:15 | CCL | buy | $13.730 | long |
| 2020-10-30 14:28:15 | CCL | buy | $13.740 | long |
| 2020-10-30 14:29:21 | CCL | sell | $13.780 | long |
| 2020-10-30 14:29:21 | CCL | sell | $13.780 | long |
| 2020-10-30 14:29:21 | CCL | sell | $13.780 | long |
| 2020-10-30 14:30:01 | CCL | sell | $13.790 | 0 |
| 2020-10-30 15:26:17 | CCL | buy | $13.810 | long |
| 2020-10-30 15:26:53 | CCL | sell | $13.762 | 0 |
Comments
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Nice how you write your journal down I admire that.