DAL Trade on Apr 15, 2020 09:35 from Cklamb: Tradervue User Stock Trades.

I have to start these notes off with what was mentioned in the game plan. A quick note that shows I was not fully prepared to trade at the open.

I had noted that I would take a scalp long at 24.50 straight out of the gate if it did flush. However, I triggered just above 24.58 as the momentum slowed and figured out the I did not have auto send on. UGH!

So, that led me to shorting at what my target would have been on the quick scalp long and started this off with a loser. Which led me to not hold on to the short I got off at the HoD.

Trade Review
DAL

Total gain/loss: $2.76 Largest gain: $4.88 (show)
Average daily gain/loss: $2.76 Largest loss: $-6.15 (show)
Average daily volume: 540 Average per-share gain/loss: $0.01
Average winning trade: $4.45 Average trade gain/loss: $0.92
Average losing trade: $-6.15 Trade P&L standard deviation: $6.13
Total number of trades: 3 Profit factor: 1.45
Number of winning trades: 2 (66.7%) Average hold time (winning trades): 17 minutes
Number of losing trades: 1 (33.3%) Average hold time (losing trades): half a minute
Max consecutive wins: 1 (show) Max consecutive losses: 1 (show)
Average position MFE: $4.14 Average position MAE: $-6.15

Intraday Fundamentals
• Market play, expecting earnings
• Yesterday was the first day in a while that this held a gap up with strength
• Employees have pay until September,
• Restrictions appear they may start lifting in areas in early May
Technicals
ADV 27.83 RVOL 2 ATR 3.85 Short 3.92 Beta 1.53 Inst Own 89.3%
Daily

Hourly

Intra

Trading Strategy
• This is not holding the gap again this morning. It is looking like it wants to flush
• Probable quick bounce at 24.50 at the opening if it does fall below 25. 24.25 would be more or less the LoD from yesterday’s strong day look for additional support if it gets to there. If that flushes, look to short into 23.50
• If it holds long this at 24
Reading the Tape

I saw the momentum out of the gate in the morning and the stall and bounce at 24.58. I also saw a distinct slow down in the run up when this hit 25.50.

Trade Management

Trade Notes
• I have to start these notes off with what was mentioned in the game plan. A quick note that shows I was not fully prepared to trade at the open.
• I had noted that I would take a scalp long at 24.50 straight out of the gate if it did flush. However, I triggered just above 24.58 as the momentum slowed and figured out the I did not have auto send on. UGH!
• So, that led me to shorting at what my target would have been on the quick scalp long and started this off with a loser. Which led me to not hold on to the short I got off at the HoD.
• I did try to catch a falling knife in here and look for the quick bounce back above 24.50 as I had outlined in the game plan. I tried for it once as it came into the level and then again as it came from underneath.
• I was looking for a flush on this and lost patience. Partially because I had planned on a long at this level and was not being very open minded and trading really tense this morning.