DIS Trade on Apr 24, 2020 14:30 from Cklamb: Tradervue User Stock Trades.

DIS
Intraday Fundamentals
• No fresh catalyst, travel and leisure volatility
Technicals
ADV 20.28 m RVOL .85 ATR 5.73 BETA 1.09 Short 1.4% Inst Own 66.50%
Daily

Hourly

Intra

Trading Strategy
• Short bias on ths due to longer term setup
• Showing strength at 100 and 101 currently short one of these levels if it start to look weak resists later in the day
• A short off 102.60 the PM high would be a good scalp it if gets there a little later in the opening or you can catch short right as it gets there. Watch the tape if you can
Reading the Tape
There were times that I entered with stalls at some areas that seem pretty common in this name around the quarter point levels.
Trading Management

Trade Notes
I had a game plan to try for a break-down of 100. This set up almost exactly like I had hoped. I still did not take the short when I should have and tried to wait for a further breakdown at 99.75. I took the partial on the test of.50 at 1 for 1 on the partial. But, I was wrong on what I thought would happen. I had this planned and should have taken it as it started to fail a few in the 90s a couple minutes earlier. The result would have yielded similar results, I would have been a little bigger and would have had a lower stop on the remainder after it held .50. In general though, this is how I should trade most trades.
When I came to the long a little late after it started holding 100.50. I took it at .75 looking for the continuation. I found myself in a 10 cent consolidation range that I did not have the self talk to get myself through. This was probably due to early P&L management trading.
This gave me the 20 cents I thought I could get on the first rejection on 101.
I was indecisive through here waiting for the market to help or hurt. Although, this was not trading with the rest of the market as it normally does this week. I could not tell if the correlation was coming back.