CCL Trade on Dec 8, 2020 09:40 from beno: Tradervue User Stock Trades.

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
-Nov 09 2020: Pfizer says vaccine is 90%+ effective, available as early as December this year

Technical Analysis

-SPY pattern: Bull Flag
-Intraday pattern: Consolidation
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: FT-15 long of 23.5 level
Confluence: Half $, VWAP
Strike Zone: 23.6 - 23.3
Sizing (lots + emergency): 750
Risk (stop / Rs): Hold below 23.4

Review / Lessons Learned

Recalled my worst trade ever that was CCL and I got scared by weak tape, took the -0.25R cut instead of the 1R win.