GILD
Total gain/loss: $241.09 Largest gain: $169.15 (show)
Average daily gain/loss: $241.09 Largest loss: $-29.23 (show)
Average daily volume: 13980 Average per-share gain/loss: $0.03
Average winning trade: $31.01 Average trade gain/loss: $18.55
Average losing trade: $-9.50 Trade P&L standard deviation: $48.49
Total number of trades: 13 Profit factor: 7.34
Number of winning trades: 9 (69.2%) Average hold time (winning trades): 4 minutes
Number of losing trades: 4 (30.8%) Average hold time (losing trades): 5 minutes
Max consecutive wins: 3 (show)
Max consecutive losses: 1 (show)
Average position MFE: $26.19 Average position MAE: $-23.20
Intraday Fundamentals
•
Hourly
Intraday
Trading Strategy
• Look for longs if this holds above 68 look for shorts to the gap fill if not
• VWAP tests and Momentum plays
Reading the Tape
As usual, I was not really able to pick any single large orders that I think were impactful. But, the earliest morning runs were easy and follow. The tape did help me add into the largest scalp of the day after .75 held several times with even quicker rejections of .80 prior
Trade Management
Trade Notes
• I felt pretty comfortable shorting this off 68. I had this laid out in the game plan and really should have been bigger consider how pronounced the resistance level had looked as I prepped for it this morning.
• I turned around and played the long off of 67 before I had a little bit of positive momentum to start. I was still pretty small for the opening. But, this was a well managed bounce play that would have been very effective sized up a little more.
• I went back to the short side and sized into this as is worked back up to VWAP. I worked out of it as it came back down and cleared the last at67.73 after it bounced off .60
• I played this to break and hold VWAP. I was looking for a lower high but much closer to 68 at the time.
• I really like this setup. It was easy to manage. But, I took the partial to quickly while trying to keep the small gains that I already had.
• I hacked at this trade looking for quick run back 67. I missed the initial run and started to tray and push the issue. I did tap out. But, there were better opportunities to flatten. I just a got a little greedy here. But, the price action convinced I should not trade this long unless it was basing above VWAP.
• The tight spread, the weak tape and the lower highs I felt that this had more downside. I started big, with a commitment to get bigger looking for .50 to break. It would have been nice to get the run with out having to let it trade against me. I did fight for price and ended up with better average. I needed to be a little less eager to take off parts as it broke .50
• Small attempt to take a bounce off 66
• I was way late to this was able to make up by clearing the first run and shorting as it work back up to .75. I walked away as I realized this was not looking like it was going to give way at 65.50.
• A little late to this. The tape was weak and made it easy to chase and take a quick partial to cover the extra risk
• I followed with a long after a strong hold of 66.25. I held this trade into VWAP.
The tight spread, the weak tape and the lower highs I felt that this had more downside. I started big, with a commitment to get bigger looking for .50 to break. It would have been nice to get the run with out having to let it trade against me. I did fight for price and ended up with better average. I needed to be a little less eager to take off parts as it broke .50
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-02-03 10:09:52 | GILD | sell | $66.580 | short |
2020-02-03 10:10:09 | GILD | sell | $66.615 | short |
2020-02-03 10:10:19 | GILD | sell | $66.695 | short |
2020-02-03 10:10:24 | GILD | sell | $66.680 | short |
2020-02-03 10:11:09 | GILD | buy | $66.630 | short |
2020-02-03 10:11:11 | GILD | buy | $66.629 | short |
2020-02-03 10:11:21 | GILD | sell | $66.595 | short |
2020-02-03 10:11:21 | GILD | sell | $66.595 | short |
2020-02-03 10:11:21 | GILD | sell | $66.595 | short |
2020-02-03 10:11:21 | GILD | sell | $66.595 | short |
2020-02-03 10:11:32 | GILD | buy | $66.637 | short |
2020-02-03 10:11:34 | GILD | buy | $66.644 | short |
2020-02-03 10:11:37 | GILD | buy | $66.670 | short |
2020-02-03 10:11:41 | GILD | buy | $66.710 | short |
2020-02-03 10:11:51 | GILD | sell | $66.710 | short |
2020-02-03 10:11:53 | GILD | sell | $66.705 | short |
2020-02-03 10:11:57 | GILD | sell | $66.680 | short |
2020-02-03 10:12:00 | GILD | sell | $66.670 | short |
2020-02-03 10:12:26 | GILD | buy | $66.567 | short |
2020-02-03 10:12:29 | GILD | buy | $66.574 | short |
2020-02-03 10:12:34 | GILD | buy | $66.520 | short |
2020-02-03 10:12:36 | GILD | buy | $66.508 | short |
2020-02-03 10:12:39 | GILD | buy | $66.505 | short |
2020-02-03 10:12:42 | GILD | buy | $66.443 | short |
2020-02-03 10:13:20 | GILD | buy | $66.390 | short |
2020-02-03 10:17:39 | GILD | buy | $66.150 | 0 |
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