DIS Trade on Mar 9, 2020 11:24 from Cklamb: Tradervue User Stock Trades.

This was bought off an attempt to catch what looked like sort term bottoming action on the tape just 106.50 and 107.50.

DIS
Total gain/loss: $34.00 Largest gain: $27.25 (show)

Average daily gain/loss: $34.00 Largest loss: $-31.20 (show)

Average daily volume: 4470 Average per-share gain/loss: $0.02
Average winning trade: $12.13 Average trade gain/loss: $2.27
Average losing trade: $-9.00 Trade P&L standard deviation: $14.70
Total number of trades: 15 Profit factor: 1.54
Number of winning trades: 8 (53.3%) Average hold time (winning trades): 18 minutes
Number of losing trades: 7 (46.7%) Average hold time (losing trades): 5 minutes
Max consecutive wins: 4 (show)
Max consecutive losses: 2 (show)

Average position MFE: $9.78 Average position MAE: $-7.72

Intraday Fundamentals
• General market sell off
• Travel and leisure selling off due to covid-19 spread
Trading Strategy
Reading the Tape

There were several times around 106 that I found a change in character on the tape. This helped with late day longs that were effective.
Trade Management

Trade Notes
1. I was fooled into thinking that this would hold 110 as it broke above 110.32 a level the I had worked and watched break out last year. This was a long bias I had thinking that this was about. I tried to hold for a longer trade and took a much bigger beating on this than I should have.
2. I used the SMA to take a short expecting this to test VWAP. Small trade after taking the larger loss earlier on the same size. This a scalp set up that does work a lot. I need to start and try to take this one a bit more and in both direction
3. I was playing this looking for higher high and the break an hold of VWAP. I did wait to take this as it came back into the SMA looking for the bounce on what seemed to be a solid short term trend and real possibility of this moving higher into the close.
4. To bad I was small on this VWAP resistance play. I feel like this did not look like it was set up for such a big run down and found myself having to add and clear to set feel better about the setup. This was not needed.
5. I was late to this as I was thinking that 107 was the LoD and it would move higher into the close. I hesitated through the first part of the bounce and then imagined support at 107.75.
6. I flipped back and forth in this range when this was "consolidating" between 107.50 and 108 and got caught on the wrong end twice.
7. This was bought off an attempt to catch what looked like sort term bottoming action on the tape just 106.50 and 107.50.
8. I was pushing @ 107 to hold as resistance and as the trend seemed pretty frim to the down side but this continue to move back into a trend ling that I had before turning back down.
9. I got to this way to late. I tired a second time even though this was showing at a logical trend line. I added thinking it would continue above 107.50 but it didn't and I added twice.
10. After losing a long to the overhead price action at 107.50. I was looking for the momentum to the downside. I added in all the way to .50 again taking off a couple times getting the cost average in a good spot before it gave a healthy drop after I had lightened back up.
11. I need to stop taking trades on momentum as they come into a level after the move. Trend was down what the hell. This is set up that begged to be shorted.
12. This trades came with some tape reading and off the fact I had been playing this all day for solid small wins. I could have been more patient on the short and tapped out at the top of the one breach of 106.
13. I got hit on chasing momentum small at first. But, this did lead me into some long off of 106 for some quick bounce of 105.90 with some size and smaller winners and losers playing this level tightly.