DAL Trade on Mar 30, 2020 10:17 from Cklamb: Tradervue User Stock Trades.

I should have worked this off 27. But, I hesitated looking for the short of VWAP and a run back to 26 because this seemed weak than I had expected. I was late her on both of these and really should have had my ass handed to me. There are better ways to trade this and I really need to be able to be a little patient.

DAL
Total gain/loss: $10.87 Largest gain: $6.80 (show)

Average daily gain/loss: $10.87 Largest loss: $-3.42 (show)

Average daily volume: 1560 Average per-share gain/loss: $0.01
Average winning trade: $4.76 Average trade gain/loss: $2.72
Average losing trade: $-3.42 Trade P&L standard deviation: $4.46
Total number of trades: 4 Profit factor: 4.18
Number of winning trades: 3 (75.0%) Average hold time (winning trades): 25 minutes
Number of losing trades: 1 (25.0%) Average hold time (losing trades): 32 minutes
Max consecutive wins: 3 (show)
Max consecutive losses: 1 (show)

Average position MFE: $8.02 Average position MAE: $-5.96

Intraday Fundamentals
• Technical play with some new fundamental news
• Airlines are expecting a worse April than March
• Some flights running 5% capacity or LESS

Technicals
ADV 17.98 m RVOL 1.99 ATR 4.79 BETA 1.5 Short 4.81% Inst Own 88.9%
Daily
Hourly

Intra

Trading Strategy
• SUPPORT 28, 26 and 21
• RESISTANCE 30, 32 36
• If this holds at 28 at the opening an starts to move higher, consider a long looking for a run up to 29
Reading the Tape

The opening trade was take with some help of the PM tape and just out right weakness. As it bounced off 26 and came back into 27. There was a big seller that lifter from 26.76 to 27 and then in 27.25. I tried to pay off that a couple times. But, every time it would start to fill it would lift. I did follow the momentum on the tape as it moved away from price.

Trade Management

Trade Notes
• I shorted this as soon as it failed at 28 on real weak tape and took almost 60 cents and should have held this all the way until 27 as it gave me plenty of room to leave the risk on. However, with the current state of affairs. Their was other small distractions that took me away from trying to catch the failure at 27 or the long at 26 which I had as S2 a long that I need to condition myself to take regardless of momentum.
• I should have worked this off 27. But, I hesitated looking for the short of VWAP and a run back to 26 because this seemed weak than I had expected. I was late her on both of these and really should have had my ass handed to me. There are better ways to trade this and I really need to be able to be a little patient.
• I took the short off 29 because it had it as yesterday's low rounded out and expected resistance in the morning game plan. I took off a third covering about half of the risk that allowed me to cover all but tow cents of the risk I was leaving on. I took the other third at .50 or my target and then slowly tighten me stop. This let me close out on @about 40 cents on 2/3. This was a solid set up that I need to play book.
• I was in the right in the right spot here and my system tapped me out. But, I did play it a little tighter than I should have. Once missed the run on this after getting tapped on the second support play I tried for a couple runs above .50 that were costly.