LVS
Intraday Fundmentals
• Trading up on inclusion on the S&P Midcap 500
Technicals
ADV 3.83 RVOL .82 ATR 1.53 BETA 1.62 Short 2.5% Inst Own 38.50%
Daily
Hourly
Intraday
Trading Strategy
• Look for shorts until gap is filled 50%
• Take a small short above 59 using 60 as the stop target 57.50
• Look for a short @57.50 targeting 56.50, if it hits this level and starts to base, follow the next move if ti breaks below the level. Consider the long if the tape tells you it has a chance to hold
• Start looking long under 56.50 using 56 as the stop
•
Reading the Tape
I did not read the tape. I just followed a chatroom on this and the play off VWAP
Trade Management
Trade Review
• A feeler trade off VWAP
• Well defined risk on the feeler
• AM Plan was to look for this at 50% gap fill and start looking for the long there
• I followed a trading buddy on this one although I did have this on the list with some levels
• It was trading above VWAP was putting in a higher low at the time and was trading above a PM level that I had
• Not a bad place to put on a feeler, this just needed a little more than a 15 second decision to take( maybe a review of the AM plan)
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-09-27 09:50:12 | LVS | sell | $58.720 | short |
2019-09-27 09:50:47 | LVS | buy | $58.780 | 0 |
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