I scalped this well today. I showing twelve sets of trades with and 80% win ratio. A lower volume day with a lot of opening tap outs being on the wrong side.
DIS
Intraday Fundamentals
• Frozen 2 gap up and sell off
• Second day Play could not hold 150 after the bounce
Technicals
ADV 9.94m RVOL 1.04 ATR 2.91 BETA 1.03 Short 1.14% Inst Own 66.6%
Daily
Hourly
Intraday
Trading Strategy
• Short bias until 145
• Look to take short at 148.50 if it can push to this in the am.
• There is a possible opening drive short at 148 and stop at 148.25 ish
• Wait for the opening range to gt set and trade it from there
• VWAP test and SMA momentum plays
Reading the Tape
I am always paying attention here. Today, I saw a multitude of trades done at 1000 shares back to back @ 148.80 when the market was 148.70ish and again at 149 when the market was about the same. I need to catch these things more often and pay attention to what tends to happen.
Trade Management
• I was able to change my bias and played for small trends through out the day
• I was little more patient and keep the executions down a little bit today
• I did hesitate on at least one entry late in the day that would have netted about 15 to 20c
• I still need to work on giving these a little more “time” to work
• I need to get bigger with this.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-12-03 15:23:26 | DIS | buy | $149.019 | long |
2019-12-03 15:24:43 | DIS | sell | $148.946 | 0 |
2019-12-03 15:28:08 | DIS | buy | $148.937 | long |
2019-12-03 15:28:35 | DIS | sell | $148.941 | long |
2019-12-03 15:28:55 | DIS | sell | $148.973 | long |
2019-12-03 15:29:22 | DIS | sell | $148.920 | 0 |
2019-12-03 15:29:55 | DIS | buy | $148.970 | long |
2019-12-03 15:30:03 | DIS | sell | $148.976 | long |
2019-12-03 15:30:16 | DIS | sell | $148.980 | long |
2019-12-03 15:30:16 | DIS | sell | $148.980 | 0 |
2019-12-03 15:44:56 | DIS | buy | $148.715 | long |
2019-12-03 15:45:17 | DIS | sell | $148.726 | long |
2019-12-03 15:45:21 | DIS | sell | $148.724 | 0 |
2019-12-03 15:46:36 | DIS | buy | $148.766 | long |
2019-12-03 15:46:40 | DIS | sell | $148.798 | 0 |
2019-12-03 15:47:10 | DIS | buy | $148.829 | long |
2019-12-03 15:47:17 | DIS | sell | $148.830 | long |
2019-12-03 15:48:47 | DIS | sell | $148.815 | 0 |
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