DAL Trade on Apr 7, 2020 10:32 from Cklamb: Tradervue User Stock Trades.

I started trying to work this long off yesterday's HoD and 24 again. The tape was kind enough to let me get out of trades with partial before they failed.

DAL
Total gain/loss: $32.52 Largest gain: $13.39 (show)

Average daily gain/loss: $32.52 Largest loss: $0.00
Average daily volume: 2420 Average per-share gain/loss: $0.03
Average winning trade: $4.65 Average trade gain/loss: $4.65
Average losing trade: n/a Trade P&L standard deviation: $4.17
Total number of trades: 7 Profit factor: n/a
Number of winning trades: 7 (100.0%) Average hold time (winning trades): 27 minutes
Number of losing trades: 0 Average hold time (losing trades): 0
Max consecutive wins: 7 (show)
Max consecutive losses: 0
Average position MFE: $6.16 Average position MAE: $-0.40

Intraday Fundamentals
• Decent spread and ATR
• Follows near term techs
• Bouncing with sector
Technicals
ADV 21.9M RVOL 4.6 ATR 4.27 BETA 1.64 Short 4.8% Inst Own 89.3%
Daily

Hourly

Intra

Trading Strategy
• Look for this to flush into 24.50 for a bounce long in the opening
• If it falls through this with some strength wait until 24 and looks for some basing action there
• If it moves higher out of the gate, see if it can break and hold 25.75 and look long up to 27 if the volatility it still there
• Short of 27 after or 26 if 25.75 does not end up holding
Reading the Tape
There were times around 24 when I knew I was working the wrong side of the tape an still took some trades. As the volatility comes in. I will need to start seeing this better again.
Trade Management

Trade Notes
• I had planned on looking for some basing action at 24 for the long this morning. However, this flushed 24 and bounced off 23.75. I took this strength as reason not to wait for basing action. The trade started to work and the target was 25 of VWAP. But I felt I was late to the trade and took the quick win being on edge.
• This needed to be shorted at 24. not after it tested and held 23.50.
• I was looking for an extension over 24 as I expected this level to hold. The tape read came in as it approached 24.12 and it just not move beyond that. I felt the trade was not the momentum that I was looking for and tapped out of the trade.
• I was trying to short this as my attempts to long off the level prior moved significant.
• I started trying to work this long off yesterday's HoD and 24 again. The tape was kind enough to let me get out of trades with partial before they failed.
• I just took these scalps on overall market weakness. But, I should have really just kept my foot on the gas here. I just need to be able to let the bigger trades work later in the day.