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Apr 2, 2020 13:27


Short Momentum

Total gain/loss: $-5.02 Largest gain: $1.93 (show)

Average daily gain/loss: $-5.02 Largest loss: $-8.75 (show)

Average daily volume: 460 Average per-share gain/loss: $-0.02
Average winning trade: $1.86 Average trade gain/loss: $-1.67
Average losing trade: $-8.75 Trade P&L standard deviation: $6.13
Total number of trades: 3 Profit factor: 0.43
Number of winning trades: 2 (66.7%) Average hold time (winning trades): 7 minutes
Number of losing trades: 1 (33.3%) Average hold time (losing trades): less than a minute
Max consecutive wins: 2 (show)
Max consecutive losses: 1 (show)

Average position MFE: $2.03 Average position MAE: $-2.92

Intraday Fundamentals
• Tight spread and a decent ATR
• Strong stock most days
ADV 17.11 RVOL 1.27 BETA .96 ATR 2.84 Short 3% Inst Own 51.2%



Trading Strategy
• Wait for this to set an opening range
• If 40 stays strong at the open consider the short term long back into 40.50
• If it rejects at 40.30 bail on the long, or look to short it back into 39.50
Reading the Tape
I was not patient enough to watch this tape as it seems slow with all thins considered. This is more like a slower market
Trade Management
Trade Notes
• I tried to start counter trend when I had not been on the tape long enough.
• I would nickel and dime a little back but I did not have the patience for the way this was going to move.

Execution detail:

Date/time Symbol Side Price Position
2020-04-02 13:27:19 JD sell $39.975 short
2020-04-02 13:28:39 JD buy $39.925 0
2020-04-02 13:35:54 JD sell $39.770 short
2020-04-02 13:37:35 JD buy $39.760 0

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