DIS Trade on Apr 9, 2020 09:35 from Cklamb: Tradervue User Stock Trades.

This stock has been relatively strong since the market found a bottom a couple of weeks ago now. They announced some positive news on Disney plus subscribers and the market was looking to be flat to positive at the open with easing fears heading into the weekend.

I started to want this long as it looked like it had given its flush to 105 and was going to extend above 106. I ended up working VWAP and the SMA to take quick longs all the way up to 107. I was playing tight after the struggles I was having in another position.

DIS
Total gain/loss: $94.95 Largest gain: $33.46 (show)

Average daily gain/loss: $94.95 Largest loss: $-7.04 (show)

Average daily volume: 8220 Average per-share gain/loss: $0.02
Average winning trade: $11.99 Average trade gain/loss: $5.59
Average losing trade: $-3.57 Trade P&L standard deviation: $11.66
Total number of trades: 17 Profit factor: 4.80
Number of winning trades: 10 (58.8%) Average hold time (winning trades): 11 minutes
Number of losing trades: 7 (41.2%) Average hold time (losing trades): 7 minutes
Max consecutive wins: 3 (show)
Max consecutive losses: 2 (show)

Average position MFE: $8.83 Average position MAE: $-5.05

Intraday Fundamentals
• Regain 100 with strength yesterday
• announced that Disney+ has reached 50 million paid subscribers.
Technicals
ADV 18.82m RVOL 1.14 ATR 7.49 BETA 1.09 Short 1.6% Inst Own 66.50%
Daily

Hourly

Intra

Trading Strategy
• possible opening drive to run up to 109
• expect a rejection off 109 and pull back into the opening print
• long at 106 if it can base there or wicks to it in the am
• VWAP and SMA momentum set ups
Reading the Tape
There were times like I felt I had a bead on this but not really.

Trade Management

Trade Notes

• I took this thinking that this would break and hold VWAP. I feel like I took this like I should have considering the momentum heading into the break. I also need to be prepared to have a stop below .50 on this as I am pretty sure that I bottom ticked the first stop at .52. I then added a little insult to that and did something similar looking for .75 to break. Which led me into a couple micro scalps and a good pop of .80. This could have been played much better with out a doubt. The using a 3 or 5 minute SMA stop may be a better risk analysis on the these break plays.
• I took this as it rejected VWAP and the declining SMA on about 15 cents and held through it. I tapped half out as the momentum stopped and moved my stop to a small win on the remainder. It amazing how much better I can play a planned set up when I am smaller.
• This was nice reaction to the last failed long. I just followed the momentum and setup to play this down to .50 as that seemed to be the most likely place to stall. I took half at .52 and got down 10% as it started to hold.48. and got tapped out at .62. At first I thought this was a hack as I am little late to this review. But, this gave a great RvR if this would have flushed .50 firmly rejecting VWAP and this previously showing weakness above 106.
• This finally had looked like it was going to break to he downside as it was coming out of the range between 106.20 and 106. However, it broke to the upside after the initial break below 106.
• I know that I make decent money through periods of momentum like. I usually don't get hurt take a bunch of quick wins. But there is so much more to be made with some better self talk and sizing to how I am actually feeling. I keep coming back to me managing the P&L and not the trade.
• This is proof that it only takes one to move for me right away to set myself up for all of the other attempts. I do find that when I am familiar with something most of the day that staying with level is a bit easier if I manage the trade and not the P&L.
• I set this up pretty well. I have seen these pulse above a level plenty of times and this gave it to me quickly enough that I decided to take a very small follow up to see if it would actually extend.
• I was way late this. I must have walked away for a bit missing the rejection of 105.
• Another time that all the quick takes add up following a trend. It is just that there are better and more profitable ways to manage these. It is just hard to tell which ones I should not paly as tightly.