DAL Trade on Apr 1, 2020 10:01 from Cklamb: Tradervue User Stock Trades.

This was solid play of the SMA on something that was just weak.

DAL
Total gain/loss: $10.98 Largest gain: $4.82 (show)

Average daily gain/loss: $10.98 Largest loss: $0.00
Average daily volume: 300 Average per-share gain/loss: $0.07
Average winning trade: $3.66 Average trade gain/loss: $3.66
Average losing trade: n/a Trade P&L standard deviation: $1.40
Total number of trades: 3 Profit factor: n/a
Number of winning trades: 3 (100.0%) Average hold time (winning trades): 4 minutes
Number of losing trades: 0 Average hold time (losing trades): 0
Max consecutive wins: 3 (show)
Max consecutive losses: 0
Average position MFE: $4.26 Average position MAE: $-3.20

Intraday Fundamentals
• Tighter spread large ATR,
• Rejected 30 with the market acting strong
• Looking for a retest of recent low
Technicals
ADV 18.75m RVOL 1.35 ATR4.63 BETA 1.5 Short 4.81% Inst Own 88.9%
Daily
Hourly

Intra

Trading Strategy
• Short this off 26 and look for 24
• It is looking like the shorts covered through out the window dressing
• Long if it happens to flush to 26 in the first 30 minutes and look for a reflex bounce to 26.75??
Reading the Tape
Trade Management

Trade Notes
• Ok.. Almost on game plan.. I was looking for a reflex bounce in the morning and felt like I could long this off of 26 for a bounce back into opening print. I tried to adjust and take the bounce play off 25.50 was a little late and took an opening loss on the bounce play. I stayed with it and let the tape settle and watched it stall at 25.25. I got fill at almost .30. It did move back a few cents and bottomed out on the tape at the end of the candle. I had a target of VWAP but talked myself out of trying to hold to for the extra 15 or twenty cents.
• This was solid play of the SMA on something that was just weak.
• I missed a lot of opportunity here