JD Trade on Mar 24, 2020 09:31 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

I hesitated on this at the open. Bur, the momentum was obvious. So, I targeted 40.50 on the drive, hit out at .53. on a stall of the momentum. I needed to tap into this a bit earlier as the tap was strong out of the gate.
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Trade Review
JD
Total gain/loss: $4.13 Largest gain: $3.75 (show)

Average daily gain/loss: $4.13 Largest loss: $0.00
Average daily volume: 260 Average per-share gain/loss: $0.03
Average winning trade: $2.06 Average trade gain/loss: $2.06
Average losing trade: n/a Trade P&L standard deviation: $2.38
Total number of trades: 2 Profit factor: n/a
Number of winning trades: 2 (100.0%) Average hold time (winning trades): less than a minute
Number of losing trades: 0 Average hold time (losing trades): 0
Max consecutive wins: 2 (show)
Max consecutive losses: 0
Average position MFE: $3.82 Average position MAE: $0.00

Intraday Fundamentals
• China name that has held up well this last week
• Tighter spread
• Trading above 39.20 a point of contention for the past few trading days
Technicals
ADV 16 RVOL 1.18 ATR 2.88 BETA .89 Short 3.17% Inst Own 51.20
Daily
Hourly
Intra
Trading Strategy
• Long if this can hold 40 at the open and work it up to 40.50 and expect a rejection of 41
• If it rejects 40 at the open, wait for a test of VWAP and make the decision from there or wait until a test of 39
Reading the Tape

I have not been in tune with the tape as much as I would like. However, the opening drive play was take with aid of the tape and the strength that it was showing. The second trade on this was not taken with any tape read.


Execution detail:

Date/time Symbol Side Price Position
2020-03-24 09:31:40 JD buy $40.410 long
2020-03-24 09:31:47 JD sell $40.535 0


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