NKE Trade on Dec 23, 2019 09:31 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

NKE
Intraday Fundamentals
• Coming off good earnings report
• Sold off from all time high similar to last quarter
• 100 acting as resistance
Technicals
ADV 6.83 m RVOL 2.55 ATR 1.54 BETA .84 Short .62% Inst Own 84.9%
Daily

Hourly

Intraday

Trading Strategy
• Try to get this long at a level that should hold through the day.
• Play if it break over 100 at the open
• Play if it set and then breaks the opening range

Reading the Tape

There was no stand out points on the tape where you could see anything distinct. There was the strong stall just off the low that lead me to take a small long just above .60 and watched .60 hold before the strongest tape of the day.

Trade Management

Review Notes

• I started this off with a solid short scalp. I then was trying to work a long off 100 as I felt that level would become support early in the day. I took a few small losses erasing the opening. I anticipated a hold of 100.20 and then keep trying to catch down to 99.90. I ended the first 15 red on this after starting with a solid long scalp and having the opportunity to hold a long off 99.90.

• I did start this run off just off the bottom here. This is where I need to the work. I got a couple good longs here. I even got one with a partial and an add. But, I only need to manage the rist one off of here. The tape was strong on the quick tap of .53. I gave up a lot here!

• I played for the break above VWAP well. I ended up with a set up and stop just below it that got tapped after I had covered the risk on the trade with a partial. The range after this pullback to tight for me and I hack up a 15 cents run
• I managed another long with some reasonable risk coming of 99.65 with 100 as a target. I could not hold the trade and stick to the plan, again. This should have been the home run ball of the morning with closing it at the rejection of VWAP.

• This area ended up being to choppy for mentality at the time. I was just not able to set my self up right on any of this and the test of 100.23. I ended this section giving a little back.

• I finished looking for a run above 100.25. I did manage to get a couple of risk free attempts out here. I ended this with a small gain and moved away from this after as this was feeling my bias was costing me and the range was to tight to keep trying to trade small.

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Execution detail:

Date/time Symbol Side Price Position
2019-12-23 09:31:23 NKE buy $100.380 long
2019-12-23 09:33:03 NKE sell $100.625 0
2019-12-23 09:35:22 NKE buy $100.127 long
2019-12-23 09:36:01 NKE sell $100.060 0
2019-12-23 09:36:30 NKE buy $100.130 long
2019-12-23 09:36:53 NKE sell $100.020 0
2019-12-23 09:38:00 NKE buy $100.054 long
2019-12-23 09:40:14 NKE sell $99.891 0
2019-12-23 09:40:45 NKE buy $99.914 long
2019-12-23 09:41:38 NKE sell $100.185 0
2019-12-23 09:42:58 NKE buy $100.122 long
2019-12-23 09:43:19 NKE sell $100.095 0
2019-12-23 09:46:10 NKE buy $100.060 long
2019-12-23 09:46:26 NKE sell $100.085 long
2019-12-23 09:48:02 NKE sell $100.020 0
2019-12-23 09:54:08 NKE buy $99.597 long
2019-12-23 09:54:41 NKE sell $99.714 long
2019-12-23 09:56:02 NKE buy $99.784 long
2019-12-23 09:56:53 NKE sell $99.750 0
2019-12-23 09:57:31 NKE buy $99.830 long
2019-12-23 09:57:35 NKE sell $99.840 long
2019-12-23 10:01:01 NKE buy $100.216 long
2019-12-23 10:02:54 NKE sell $100.060 0
2019-12-23 10:08:13 NKE buy $100.015 long
2019-12-23 10:09:38 NKE sell $99.960 0
2019-12-23 10:10:27 NKE buy $99.960 long
2019-12-23 10:10:35 NKE sell $99.990 long
2019-12-23 10:11:22 NKE sell $99.960 0
2019-12-23 10:15:16 NKE buy $99.985 long
2019-12-23 10:15:23 NKE sell $100.000 long
2019-12-23 10:16:52 NKE sell $99.980 0
2019-12-23 10:18:16 NKE buy $99.964 long
2019-12-23 10:18:42 NKE buy $100.140 long
2019-12-23 10:18:51 NKE sell $100.110 0
2019-12-23 10:20:22 NKE buy $100.080 long
2019-12-23 10:20:56 NKE sell $100.105 long
2019-12-23 10:21:28 NKE sell $100.095 0
2019-12-23 10:24:00 NKE buy $99.890 long
2019-12-23 10:24:24 NKE sell $99.895 0
2019-12-23 10:25:05 NKE buy $99.924 long
2019-12-23 10:25:12 NKE sell $99.909 0
2019-12-23 10:25:47 NKE buy $99.960 long
2019-12-23 10:26:12 NKE sell $99.935 0
2019-12-23 10:27:43 NKE buy $99.989 long
2019-12-23 10:27:43 NKE buy $99.968 long
2019-12-23 10:28:51 NKE sell $99.966 0
2019-12-23 10:37:15 NKE buy $99.925 long
2019-12-23 10:37:18 NKE sell $99.905 0
2019-12-23 10:37:25 NKE buy $99.915 long
2019-12-23 10:37:45 NKE sell $99.900 0
2019-12-23 10:39:39 NKE buy $99.870 long
2019-12-23 10:40:11 NKE sell $99.835 0
2019-12-23 10:44:57 NKE buy $99.704 long
2019-12-23 10:45:54 NKE sell $99.722 long
2019-12-23 10:46:17 NKE sell $99.795 long
2019-12-23 10:46:59 NKE sell $99.785 0
2019-12-23 10:47:58 NKE buy $99.800 long
2019-12-23 10:47:58 NKE buy $99.800 long
2019-12-23 10:48:09 NKE sell $99.800 0
2019-12-23 10:57:35 NKE buy $99.974 long
2019-12-23 10:57:38 NKE sell $99.980 0
2019-12-23 10:59:08 NKE buy $100.025 long
2019-12-23 10:59:18 NKE sell $100.030 0
2019-12-23 11:01:08 NKE buy $100.029 long
2019-12-23 11:01:22 NKE sell $100.005 0
2019-12-23 11:03:11 NKE buy $99.966 long
2019-12-23 11:03:49 NKE sell $99.990 long
2019-12-23 11:03:55 NKE sell $99.985 long
2019-12-23 11:07:36 NKE sell $99.950 0
2019-12-23 11:25:12 NKE buy $100.080 long
2019-12-23 11:31:37 NKE sell $100.160 long
2019-12-23 11:36:15 NKE buy $100.120 long
2019-12-23 11:37:32 NKE sell $100.125 0
2019-12-23 11:42:00 NKE buy $100.050 long
2019-12-23 11:45:05 NKE sell $100.091 long
2019-12-23 11:47:30 NKE sell $100.010 0
2019-12-23 11:48:46 NKE buy $100.087 long
2019-12-23 11:49:03 NKE sell $100.128 long
2019-12-23 11:49:27 NKE sell $100.100 0
2019-12-23 11:50:21 NKE buy $100.150 long
2019-12-23 11:50:32 NKE sell $100.160 long
2019-12-23 11:51:30 NKE sell $100.168 long
2019-12-23 11:51:55 NKE sell $100.120 0
2019-12-23 11:53:00 NKE buy $100.130 long
2019-12-23 11:53:03 NKE sell $100.135 long
2019-12-23 11:53:06 NKE sell $100.130 long
2019-12-23 11:53:12 NKE sell $100.145 long
2019-12-23 11:55:54 NKE sell $100.195 0

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