JD Trade on Mar 27, 2020 09:39 from Cklamb: Tradervue User Stock Trades.

After the long at 40 did not work and the stock out in a lower high I shorted on strong momentum moving in to VWAP. With some patience got to partials, I bailed at .50 as it was the current target. I tried again to short under .50 and got a run back up to .60 that I added into and bailed as it turned me green. FOMO

JD
Intraday Fundamentals
• Tighter spread stock with a little less overall volatility.
• This has been overall strong over the last couple of weeks and holding in the 38 to 42 range
Technicals
ADV 16.64 RVOL 1.24 ATR 3.02 BETA .89 Short 3.17% Inst Own 51.2%
Daily

Hourly

Intra

Trading Strategy
• Long bias overall as China’s economy is closer to being back online
• Has been stronger than most over the last two weeks
• Almost recovered the losses in march, probably a bit overbought relative to the rest of the market
• Gap and go set up possible on this, opening drive short
• Look for this to bounce off 40.40 and a run back up to opening print if it does not go after the gap
• If it retests and move lower shot of 41 as
Reading the Tape
This has still been the same in this market downturn. I am having a harder seeing some of the changes in character. That you can see when some of the bigger players are in a stock. I am needing to tape these trades and see if I can pick up what I missing right now.
Trade Management

Trade Notes
• I had a long bias on this in the morning game plan. I held through the first candle. It started to spike at the beginning but is gave way quickly. I took the short on the momentum. I hit the first and tried to play the rejection of VWAP to give it back.
• My long bias and my game plan had me trying to take this at 40 for a long. I took as it crossed and hit in a bit high add down to .97 and was able to bail out with a small loss.
• After the long at 40 did not work and the stock out in a lower high I shorted on strong momentum moving in to VWAP. With some patience got to partials, I bailed at .50 as it was the current target. I tried again to short under .50 and got a run back up to .60 that I added into and bailed as it turned me green. FOMO
• I was still holding a long bias. So I set up for a break of VWAP trying to use .70 as the line in the sand.
• This was not a good set up. I was working the downward sloping SMA and never triggered quite right setting myself up poorly both times and getting out of rhythm with the stock.
• I was getting frustrated with what I was trying to do with this and lost some disciplined. I would leave this stock after these next two small attempts to decipher movement.