NKE
Total gain/loss: $154.88 Largest gain: $63.18 (show)
Average daily gain/loss: $154.88 Largest loss: $-1.20 (show)
Average daily volume: 16760 Average per-share gain/loss: $0.02
Average winning trade: $22.30 Average trade gain/loss: $19.36
Average losing trade: $-1.20 Trade P&L standard deviation: $26.06
Total number of trades: 8 Profit factor: 130.07
Number of winning trades: 7 (87.5%) Average hold time (winning trades): 21 minutes
Number of losing trades: 1 (12.5%) Average hold time (losing trades): less than a minute
Max consecutive wins: 7 (show)
Max consecutive losses: 1 (show)
Average position MFE: $25.92 Average position MAE: $-17.54
Intraday Fundamentals
• Nike Price Target Raised to $136.00/Share From $103.00 by UBS
•
Technicals
ADV 5.84 RVOL 1.49 ATR 1.71 BETA Short .71 Inst Own 85%
Daily
Hourly
Intraday
Trading Strategy
• Longer term bias is long on this
• However, it looks like this is testing the bottom side of the 4 month trend since the last earnings report
• There is still a gap to fill and I doubt that it has the strength in this market to break 100 easily and more likely to break 99 and pull back in to 98 or 97.50
• VWAP tests and Momentum plays
Reading the Tape
NKE can be tough to read. But the shorts at the end of the day were taken with the tape at least seeming weak to me.
Trade Management
Trade Notes
• I was looking to play the momentum and a break of 100.50. I got a good partial initial and had a small win. But, I did try to hold for a bigger and took a loss followed by another attempt off .60. I started again just under .70 gaining most of the flush back into .50. I started around .70 as the next push into .80 looked weak. I added in a few times as .74 held and started clearing at .65 getting flat at .39 after trying add in looking for a puhs below VWAP.
• I am not sure why I could not catch this. I must have been trading apprehensively protecting gains.
• I was trying to short 100 here. I had spike on the chart that I was working off and felt that if this could start closing below .93 that I get a good run. .93 held after I added in and tapped me out at.96
• I set up a risk free trade as this broke 100. I added and moved my stop up to protect against a break down. This was a solid attempt to catch a break up.
• This got easy to short of the tape. I needed and could have found ways to be bigger for longer here at the end of the day.
I was looking to play the momentum and a break of 100.50. I got a good partial initial and had a small win. But, I did try to hold for a bigger and took a loss followed by another attempt off .60. I started again just under .70 gaining most of the flush back into .50. I started around .70 as the next push into .80 looked weak. I added in a few times as .74 held and started clearing at .65 getting flat at .39 after trying add in looking for a puhs below VWAP.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-02-03 10:53:24 | NKE | sell | $100.530 | short |
2020-02-03 10:54:14 | NKE | buy | $100.500 | short |
2020-02-03 10:55:16 | NKE | buy | $100.570 | 0 |
2020-02-03 10:56:13 | NKE | sell | $100.550 | short |
2020-02-03 10:57:28 | NKE | buy | $100.625 | 0 |
2020-02-03 11:00:08 | NKE | sell | $100.680 | short |
2020-02-03 11:00:32 | NKE | sell | $100.730 | short |
2020-02-03 11:01:40 | NKE | sell | $100.775 | short |
2020-02-03 11:02:15 | NKE | buy | $100.732 | short |
2020-02-03 11:03:51 | NKE | buy | $100.660 | short |
2020-02-03 11:04:19 | NKE | buy | $100.562 | short |
2020-02-03 11:04:34 | NKE | buy | $100.565 | short |
2020-02-03 11:05:32 | NKE | buy | $100.593 | short |
2020-02-03 11:06:41 | NKE | buy | $100.660 | 0 |
2020-02-03 11:29:33 | NKE | sell | $100.755 | short |
2020-02-03 11:33:31 | NKE | buy | $100.650 | 0 |
2020-02-03 11:35:06 | NKE | sell | $100.710 | short |
2020-02-03 11:35:06 | NKE | sell | $100.710 | short |
2020-02-03 11:35:06 | NKE | sell | $100.710 | short |
2020-02-03 11:35:06 | NKE | sell | $100.710 | short |
2020-02-03 11:35:06 | NKE | sell | $100.710 | short |
2020-02-03 11:36:32 | NKE | buy | $100.691 | short |
2020-02-03 11:36:35 | NKE | buy | $100.695 | short |
2020-02-03 11:36:56 | NKE | buy | $100.745 | 0 |
2020-02-03 11:38:11 | NKE | sell | $100.690 | short |
2020-02-03 11:38:11 | NKE | sell | $100.690 | short |
2020-02-03 11:38:47 | NKE | sell | $100.710 | short |
2020-02-03 11:38:51 | NKE | sell | $100.720 | short |
2020-02-03 11:38:51 | NKE | sell | $100.725 | short |
2020-02-03 11:38:51 | NKE | sell | $100.725 | short |
2020-02-03 11:39:23 | NKE | buy | $100.650 | short |
2020-02-03 11:39:26 | NKE | buy | $100.650 | short |
2020-02-03 11:41:42 | NKE | buy | $100.665 | short |
2020-02-03 11:44:19 | NKE | sell | $100.450 | short |
2020-02-03 11:47:55 | NKE | buy | $100.390 | 0 |
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