DAL Trade on Apr 22, 2020 09:55 from Cklamb: Tradervue User Stock Trades.

DAL

Statistics
Total gain/loss: $13.06 Largest gain: $30.92 (show)

Average daily gain/loss: $13.06 Largest loss: $-13.96 (show)

Average daily volume: 5460 Average per-share gain/loss: $0.00
Average winning trade: $30.92 Average trade gain/loss: $4.35
Average losing trade: $-8.93 Trade P&L standard deviation: $23.55
Total number of trades: 3 Profit factor: 1.73
Number of winning trades: 1 (33.3%) Average hold time (winning trades): about 1 hour
Number of losing trades: 2 (66.7%) Average hold time (losing trades): 11 minutes
Max consecutive wins: 1 (show)
Max consecutive losses: 2 (show)

Average position MFE: $14.51 Average position MAE: $-26.10

Intraday Fundamentals
• Delta lost 51 cents per share for the first quarter, less than the 70 cents a share Wall Street had anticipated. Revenue was below forecasts, however, and fell 18% from a year ago. Delta said it expects to receive support from the CARES Act passed by lawmakers, and that the steps it has taken to conserve cash will cut its daily cash-burn rate in half.
• Tight Spread and good ATR for that spread
• A lot of smaller technical levels that are workable
Technicals
ADV 31.27 RVOL 1.23 ATR 3.28 BETA 1.40 Inst Own 89.2% Short 3.92%
Daily

Hourly

Intra

Trading Strategy
• Look for a short at 24 at the open depending on the strength going into the possible break
• Let VWAP tell you what the general direction of this maybe through the first hour see if it is supportive or rejecting the first few test in the opening 15

Reading the Tape
I read this pretty after reviewing this, I saw points of strength. I could see when things were stacking against me. However, I did not really look to find a way to play on the trend side or see if there was really anything stepping down

Trade Management

Trade Notes
1. I had a long planned on this if it wick done into yesterdays high at the open. I took the trade took a beating. I shot for the same trade to break VWAP and after seeing some big buyers in the 23.50ish i hit it late and had to add to get out with small win. I played it tight off 23.50 a couple of times.
2. I was sway to late to this and came at with too much size. this probably should have been worse that it was. Opening trade Hangover, no conviction , no patience for the retrace. UGH
3. I saw some strength on this in 23.30 ish range and played for the break back above .50. I think i kept after the longs as the overal market seemed strong and this and been part of the overal market for a bit now. I took another long off a bounce a bit higher than the last low and that moved favorable and fast enough that I was able scale out as it failed to break 23. I tried once move as this came over 23 for a few cents, I had menat to take a partial at 23.08 and try and hold the remainder or wait for the tape to weaken. However ended up taking if all off, i was angry at first so i tried again for a small position off 23 again and it failed and flushed keeping the trade prior to a nice win.

I saw some strength on this in 23.30 ish range and played for the break back above .50. I think i kept after the longs as the overal market seemed strong and this and been part of the overal market for a bit now. I took another long off a bounce a bit higher than the last low and that moved favorable and fast enough that I was able scale out as it failed to break 23. I tried once move as this came over 23 for a few cents, I had menat to take a partial at 23.08 and try and hold the remainder or wait for the tape to weaken. However ended up taking if all off, i was angry at first so i tried again for a small position off 23 again and it failed and flushed keeping the trade prior to a nice win.