WDC Trade on Jan 23, 2020 11:00 from Cklamb: Tradervue User Stock Trades.

Shared by
Cklamb

WDC
Statistics
Total gain/loss: $62.50 Largest gain: $28.78 (show)

Average daily gain/loss: $62.50 Largest loss: $-20.67 (show)

Average daily volume: 15650 Average per-share gain/loss: $0.01
Average winning trade: $8.56 Average trade gain/loss: $2.98
Average losing trade: $-6.10 Trade P&L standard deviation: $10.90
Total number of trades: 21 Profit factor: 2.28
Number of winning trades: 13 (61.9%) Average hold time (winning trades): 16 minutes
Number of losing trades: 8 (38.1%) Average hold time (losing trades): 8 minutes
Max consecutive wins: 6 (show)
Max consecutive losses: 2 (show)

Average position MFE: $6.83 Average position MAE: $-7.69

Intraday Fundamentals
• Analyst Actions: Morgan Stanley Upgrades Western Digital to Overweight From Equal-Weight, Lifts Price Target to $88 From $64
Technicals
ADV 5.26m RVOL .57 ATR 2.05 BETA 1.86 Short 4.37% Inst Own 88.30%
Daily

Hourly

Intraday

Trading Strategy
• Look for a long off 70
• This did sell off into the close yesterday expect a delayed and a possible gap and go long over the first five to ten minutes
• VWAP and SMA momentum set ups
• This can be spready but tape foreshadows look for a compression of the spread as a sign for a short term reversals in the strength
Reading the Tape
I saw no real turns in the tape. I will look back at the LoD. But, the flash down was pretty quick. But, there were many of the early small trades that were taken on momentum in the tape.
Trade Management

Trade Notes
• I started this off with a small long out of the gate. I did expect some push at the opening with the sell off this had yesterday. But, it showed weakness as it came back into 72. I followed on a couple short but still missed the best chunk of the fallout. I did take a long as the momentum change on the tape and got most of the move to 71.
• I started to play this long as 70.20 started to hold and got a good run back in VWAP where a took a short back into 70.80. I took it again as it broke .60 into .40.
• I started of long this off .20 with some success and got a little large and tapped myself out full size on taking a big hit before hitting a small short and then working this long back into VWAP.
• I took a solid short as 71.25 started to fail and worked back into 71. Then hesitated off of 71.20 as it retraced. Then took a small short from .80 to .65
• I hacked it up trying to short this under VWAP after getting short back into the trendline and VWAP and a long on the nest extension above. I finished out the day trying to get the push back above 71 without success

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-01-23 11:00:02	WDC	buy	$70.399	long
2020-01-23 11:00:06	WDC	sell	$70.370	0
2020-01-23 11:00:20	WDC	buy	$70.426	long
2020-01-23 11:00:27	WDC	sell	$70.436	0
2020-01-23 11:00:54	WDC	buy	$70.505	long
2020-01-23 11:01:02	WDC	sell	$70.459	0
2020-01-23 11:01:21	WDC	buy	$70.425	long
2020-01-23 11:02:02	WDC	buy	$70.330	long
2020-01-23 11:03:20	WDC	sell	$70.432	0
2020-01-23 11:05:06	WDC	buy	$70.574	long
2020-01-23 11:05:12	WDC	sell	$70.540	0
2020-01-23 11:05:52	WDC	buy	$70.575	long
2020-01-23 11:06:08	WDC	sell	$70.600	long
2020-01-23 11:06:21	WDC	sell	$70.540	0
2020-01-23 11:06:56	WDC	buy	$70.562	long
2020-01-23 11:06:59	WDC	sell	$70.565	0
2020-01-23 11:07:14	WDC	buy	$70.588	long
2020-01-23 11:08:13	WDC	sell	$70.620	long
2020-01-23 11:08:18	WDC	sell	$70.611	long
2020-01-23 11:09:24	WDC	sell	$70.580	0
2020-01-23 11:10:59	WDC	buy	$70.581	long
2020-01-23 11:11:25	WDC	sell	$70.526	0
2020-01-23 11:15:13	WDC	buy	$70.576	long
2020-01-23 11:16:14	WDC	buy	$70.490	long
2020-01-23 11:17:38	WDC	sell	$70.578	0
2020-01-23 11:34:07	WDC	buy	$70.615	long
2020-01-23 11:34:17	WDC	sell	$70.676	long
2020-01-23 11:39:12	WDC	buy	$70.830	long
2020-01-23 11:39:22	WDC	sell	$70.840	long
2020-01-23 11:40:30	WDC	sell	$70.792	0
2020-01-23 11:47:57	WDC	buy	$70.781	long
2020-01-23 11:48:10	WDC	sell	$70.800	long
2020-01-23 11:51:35	WDC	sell	$70.790	0
2020-01-23 11:58:25	WDC	buy	$70.805	long
2020-01-23 11:59:17	WDC	sell	$70.850	long
2020-01-23 11:59:24	WDC	sell	$70.850	long
2020-01-23 12:00:40	WDC	sell	$70.790	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=WDC&trade=12648083&end=20200123160000&i=m60&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=WDC&trade=12648083&end=20200123121040&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

WDC Trade on Jan 23, 2020 11:00 from Cklamb: Tradervue User Stock Trades.

Leave a comment about this trade!

Editor syntax