MSFT Trade on Jan 31, 2020 10:45 from Cklamb: Tradervue User Stock Trades.

MSFT
Total gain/loss: $205.74 Largest gain: $44.28 (show)

Average daily gain/loss: $205.74 Largest loss: $-6.35 (show)

Average daily volume: 13350 Average per-share gain/loss: $0.03
Average winning trade: $16.31 Average trade gain/loss: $14.70
Average losing trade: $-6.35 Trade P&L standard deviation: $14.09
Total number of trades: 14 Profit factor: 33.40
Number of winning trades: 13 (92.9%) Average hold time (winning trades): 20 minutes
Number of losing trades: 1 (7.1%) Average hold time (losing trades): half a minute
Max consecutive wins: 12 (show)
Max consecutive losses: 1 (show)

Average position MFE: $22.75 Average position MAE: $-10.83

Intraday Fundamentals
• Second Day play, closed closer the lower end of the range
Technicals
ADV 22.47m RVOL 2.34 ATR 2.68 BETA 1.17 Short .8% Inst Own 74.60
Daily
Hourly
Intraday
Trading Strategy
• Holding 172 in the PM
• A hold above 173 should act as a break out
• 171 holds long back into 172
Reading the Tape

There were so many bits of tape momentum and market depth points that help in starting, adding and exiting trades. It is a bit difficult to describe. But, I imagine it something like how a pit would grow silent before the momentum would shift.

Trade Management

Trade Notes
• I took this off the bounce at 71 in the opening as a support play. It looked like it was going to blow past VWAP but began to fail so I tapped out on the quick small trade to get the day started.
• With the market weak and this not looking as strong as I thought it would, I did try to short and tapped out. I had considered adding into this but decided not to for a couple of reasons. I did not feel like I was seeing things right with the long bias that I had.
• I flipped my short into this and found myself countertrending this trade. I started small enough on this that I was able to added bit until it was under 171.50 where I started add larger bits that I was able to take profits on as it would move between 171.30 and 171.50 I added a little more and clearing the trade with a profit as it made a move back above 171.50. I did manage to get some momentum tape scalps as this started look like 171 would and I was playing it off 171.10.
• I was late to the game here. I did manage to start small as it was early in the day still. I added to bring the cost up and cleared most of it with a small portion to hold that tapped out.
• I played this to break and hold this level. I was prepared for it to pull back a bit and did plan on adding heavy down to .40 if it did not catch right away. I truly think this just came from hours of screen time. I just felt like this would give me .60 before it gave up .40. I knew I was counter trend and played it accordingly.
• I ran at this on momentum taking a fairly quick win off the dump missing the better half of the move and clearing just above. I should have been bigger in this type of momentum trade. This is where taking a partial would set for the break below 170 with out much risk. I did get the next on tape read off of .50. I was wanting to take a partial and look to add but I took the quick win instead as I was managing a P&L milestone.
• I started to try to take this long as it looked like it may break a trend line that I had sketched out got a scratch trade. I took a break for a bit and came as this was attempting to break again. I took a small part at the top of the break planning to add in again if the break pulled in. This allowed me to gain some size as it pulled back into 170.20 allowing me to clear some of the adds all the way up .65 where I added and put in a stop @.64 looking for it to break .70 and got tapped for a solid win. The second run was not expected I had to run. I had to manage it the same way with similar results. But, I started this with a win and added and added as this dump and got fairly. Again, I think I managed the P&L here as I was in deep and there did not seem like a lot of reason to sell after that this crossed back above 170.
• I need to hold the initial long here until a stall in the momentum. I did try to add to the second long in this series. I believe this cost me a little of the profit here. I think it was a good decision. A better decision would have been to be bigger on the start of the trade here. I finished out this set of longs as 170.50 failed
• A series of shorts looking for 170.50 to act as resistance. I really squeezed a lot out of a tight range in here. But, I was looking for this to break back into 170 and gave some up as it came back to test 170.50
• I saw this break 170.50 and felt this would give me 15 or 20 cents. I added at.61 one and bailed as the momentum on the tape waned.
• Late to the game here on both of these series. Tape in my favor enough both times to take a couple risk free set ups for small wins
• Late to the game here on both of these series. Tape in my favor enough both times to take a couple risk free set ups for small wins
• I needed to stay big here!!!

I played this to break and hold this level. I was prepared for it to pull back a bit and did plan on adding heavy down to .40 if it did not catch right away. I truly think this just came from hours of screen time. I just felt like this would give me .60 before it gave up .40. I knew I was counter trend and played it accordingly.