DAL Trade on Mar 27, 2020 13:31 from Cklamb: Tradervue User Stock Trades.

I did work this a few times in the obvious momemntum . I am still thinking that a hold of some of the first trade would have made this a more profitable series.

DAL
Total gain/loss: $18.89 Largest gain: $45.09 (show)

Average daily gain/loss: $18.89 Largest loss: $-28.45 (show)

Average daily volume: 17040 Average per-share gain/loss: $0.00
Average winning trade: $6.54 Average trade gain/loss: $1.11
Average losing trade: $-10.61 Trade P&L standard deviation: $14.21
Total number of trades: 17 Profit factor: 1.36
Number of winning trades: 11 (64.7%) Average hold time (winning trades): 5 minutes
Number of losing trades: 5 (29.4%) Average hold time (losing trades): 7 minutes
Number of scratch trades: 1 (5.9%) Average hold time (scratch trades): less than 5 seconds
Max consecutive wins: 4 (show)
Max consecutive losses: 1 (show)

Average position MFE: $5.22 Average position MAE: $-7.88

Intraday Fundamentals
• Travel and Leisure are in play. There is not a lot of clarity on how long it will be before travel restrictions are lifted.
• Group has had a couple of solid days and is trading up this morning
• This sold off all afternoon while following the market in the morning
Technicals
ADV 17.47 m RVOL 3.46 ATR 4.90 BETA 1.7 Short 4.49% Inst Own 89%
Daily

Hourly

Intra

Trading Strategy
• Short bias on this on a second day type of play
• Short this at 33.30 which set up yesterday as the top of the opening range and again later as resistance as this ended up close near the bottom end of the range
• Look for an opening bounce off 30.50 and a pulse past he opening print up to 32 and short there if it start to get weak, if not wait to see how strong it stays and play lond up to 33 and look to short there
Reading the Tape
This was some of the best tape reads that I have had in a couple of weeks. I just did not take advantage of some of the clearer momentum that this offered me on this day.
Trade Management
Trade Notes
• I did have a long bias on this. I felt that the positive week and the strong move into the close I felt that this being the best airlines financially that this would hold 30 and bounce after the gap down.
• I took this a VWAP bounce play. I took a quick win on the load at 30. But, gave another shot when It crested 30.10 for a few cents when I should have just tried and hold the first trade for a the full run instead of locking in some risk relief.
• I keep tapping out here as it would move against me as soon as I entered and I was trying to get bigger at this time. So, I do not always hold these like I would the smaller set up.
• After trying to short into 38.00 and taking only a small win due to the price action just under 30 I was able to hold this for a god partial and take a couple plugs at this run off the VWAP line.
• A hack fest. But, it fit with the long bias, But, I was trying to work a support play 20 cents above the level that I wanted to use as mu line in the sand and it was costly.
• Another hack fest, I was trying to short this off .20 because the long I just took could not stay above .20.
• A momentum long after 30 keep holding. I tend to take these quick wins especially when I am working up to two hundred shares. It does happen more often at first. But, if I take a couple of quick hits, it gets tougher for me to stay up and let these things work or fail like I am prepared for.
• I was working this after the longs, this rejected .50 strongly but I still did not take it until it came back. This skewed the risk versus reward,
• Get back in, it is tough but this took off after and I tried to move short side after this for a beating.
• This long needed some patience and a little room or a pull back closer to .20 and a stop just below that would have set this up for a much better rvr.
• I am not sure what made me think that this was a short other the .20 showing resistance earlier. SO, I was looking for it break down as the market was weak at the time. I believed that it would break .20 and would not be able to come back.
• I did work this a few times in the obvious momentum . I am still thinking that a hold of some of the first trade would have made this a more profitable series.