JPM Trade on Oct 15, 2019 09:51 from Cklamb: Tradervue User Stock Trades.

JPM
Intraday fundamentals
• JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.8 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at
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Technicals
ADV 11.46 RVOL .76 ATR 2.16 BETA 1.2 Short 1% Inst Own 74.8%
Daily

Hourly

Intraday

Trading strategy
• Bias is Long
• Short if this cannot break and hold 119 for a pull back to 118 or 117.50
• Look for flushes to the lower 117 levels to take a small long on the open, ad if the trade starts to work get risk covered and work on hold a core past 120
Reading the Tape

I took a lot of shorts on perceived weakness on the tape. There was a strong change in momentum as this thing finally started to slow above 120.80. I could also see the lack of strength as it tried to break back above 121.50 when I took the last short.
Trade Management

Review notes
• I wanted this long this morning. I hit a good long and lost my nerve with 119 overhead
• I started shorted looking for a pull back.. I needed to eliminate the trade between 119 and 120
• The first short over 121 was not executed like it should have been to control the risk…
• I needed to let the winner run or take the next short at 121