XOM Trade on Apr 6, 2020 11:28 from Cklamb: Tradervue User Stock Trades.

I was trading way to tight before the spike. I was nickel and diming this. I did however catch most of the spike and left it aloe for a bit after the to gain a few more cents around 40.

XOM
Total gain/loss: $26.51 Largest gain: $24.58 (show)

Average daily gain/loss: $26.51 Largest loss: $-19.61 (show)

Average daily volume: 16460 Average per-share gain/loss: $0.00
Average winning trade: $12.54 Average trade gain/loss: $2.65
Average losing trade: $-7.24 Trade P&L standard deviation: $12.87
Total number of trades: 10 Profit factor: 1.73
Number of winning trades: 5 (50.0%) Average hold time (winning trades): 18 minutes
Number of losing trades: 5 (50.0%) Average hold time (losing trades): 12 minutes
Max consecutive wins: 2 (show)
Max consecutive losses: 2 (show)

Average position MFE: $10.27 Average position MAE: $-17.72

Intraday Fundamentals
• Second day setup
• OPEC meeting delayed until later this week, this was the news that gave it pop into Friday morning
• Oil showing weak today
Technicals
ADV 33.76 RVOL 1.45 ATR 3.36 Short 1% Inst Own 57.20
Daily

Hourly

Intra

Trading Strategy
• 40 Inflection
• Hold until 830 unlss this hits 37 then long or 42 for a short
• VWAP and SMA momentum

Reading the Tape

I did not catch anything here other than short term momentum. I mostly play the chart on intraday levels and VWAP.

Trade Management