LUV : Re-entered with a position of about 1.25% of net capital

The price retraced back to the entry level that I was expecting when I closed the previous position. So re-entered as planned, with a position size of about 1.25% of the net capital. The expected move to the target level as of now, is of about 30% from the current entry level.

I'm totally aware of the downside risk of about 22%. And if at all the market crashes to those level, then I'll consider adding on to the position after re-evaluating the macro and micro economics at the time.

If my perspective changes or if I gather additional fundamental data that influences my views, I will provide updates accordingly.

Thank you for following along with this journey, and I remain committed to sharing insights and updates as my trading strategy evolves. As always, please feel free to reach out with any questions or comments.

Other posts related to this particular position and scrip, if any, will be attached underneath. Do check those out too.

Disclaimer: The analysis shared here is for informational purposes only and should not be considered as financial advice. Trading in all markets carries inherent risks, and past performance is not indicative of future results. It's essential to conduct your own research and assess your risk tolerance before making any investment decisions. The views expressed in this analysis are solely mine. It's important to note that I am not a SEBI registered analyst, so the analysis provided does not constitute formal investment advice under SEBI regulations.