From my morning analysis:
The number 1 stock I’m looking at today, by my eye, is NLCH. Norwegian Cruise Line. It’s been basing for the last 4 trading days and on the hourly chart, had a breakout and is currently retesting the breakout area. The bands are just expanding and the MA’s are about to cross to the upside, and we’re still not in overbought territory by any means, so this looks good. I’m going to run the numbers here
Underlying Price – $20.06
Underlying Target – $21.00
Strike Price – $19.00
Premium – $1.96
Exit –
My analysis of NCLH was pretty solid, as this trade was in profit for most of the time I was in it. The morning of 3/29 price gapped up, and my position looked solid — I was up .36R in the morning. At it’s peak, I was up just under .41R on the day. Wanting to lock in profits, I set a trailing stop order for 15¢ below market, which was filled shortly after I entered it. Unfortunately, though, the price I exited was for a profit of .32R, which is a lot less than the .41R I was up, but now that I look at it, a good amount more than the .17R I thought it was initially.
I did think, at first when I exited this trade, that I only made about .17R on it and I was quite upset about it even though it was a win. I calmed myself down, though, it was a win, and look, it was for more than I thought. No need to get upset, especially at this stage. I’m getting into multiple trades again and following my rules and IT WAS A WIN! I understand that this one is just a trade that happened to work out, I’m not too elated over it, just working through and trying to stay consistent.
