JNJ Trade on Apr 17, 2020 10:50 from Cklamb: Tradervue User Stock Trades.

JNJ

Total gain/loss: $2.76 Largest gain: $37.70 (show)

Average daily gain/loss: $2.76 Largest loss: $-26.79 (show)

Average daily volume: 3360 Average per-share gain/loss: $0.00
Average winning trade: $19.27 Average trade gain/loss: $0.69
Average losing trade: $-17.89 Trade P&L standard deviation: $27.20
Total number of trades: 4 Profit factor: 1.08
Number of winning trades: 2 (50.0%) Average hold time (winning trades): about 1 hour
Number of losing trades: 2 (50.0%) Average hold time (losing trades): 37 minutes
Max consecutive wins: 2 (show)
Max consecutive losses: 2 (show)

Average position MFE: $16.71 Average position MAE: $-18.63

Intraday Fundamentals
• Broke 150 yesterday coming back into Feb20 high, working on vaccine with promise for covid, recession play
• Looking to test highs at 152.50 and 154.50, and or find support at 150
Technicals
ADV 11.53m RVOL 1.06 BETA .68 ATR 6.78 Short % .64% Inst Own 70.8%
Daily

Hourly

Intra

Trading Strategy
• Look for a hold of 150
Reading the Tape
There were times that I felt that this would bait me today. I cannot say that the tape did much to add to my trades and I think I missed something just under 150 that may have given me a better clue on a trade and a better stop.
Trade Management

Trade Notes
I had this game planned to long this off. I did try an earlier long this than I should have. Even more so, I had planned on 150 holding and it seems for right now a 35 cents dip below is a hold. I got one set here around 8:10 that set up nicely but still managed to tap me out with a partial right before the early break up towards VWAP the trade that I was looking for at the time.
This was a momentum trade shorting into the SMA as it looked like it may break 150 for a little bit again. I was counting on .25 breaking as I took the trade with the wind at my back. The partial that it did give me before it changed direction was small and I held until it started trading back above the SMA I shorted off.
I had better luck playing this to break VWAP and 151.50 than I was having catching it long at 150. I got fairly large trying to play for the break and got hurt at the first entry at .41 looking for the break and had to reenter as it regained .40 again. I was rewarded with a great run up into .75 after holding for almost twenty cents on the partial. I would step down in size on the next( which i should not have and got a home run ball that i as able to let run to 151 before taking a trading break.

I had better luck playing this to break VWAP and 151.50 than I was having catching it long at 150. I got fairly large trying to play for the break and got hurt at the first entry at .41 looking for the break and had to reenter as it regained .40 again. I was rewarded with a great run up into .75 after holding for almost twenty cents on the partial. I would step down in size on the next( which i should not have and got a home run ball that i as able to let run to 151 before taking a trading break.