TGT Trade on Apr 24, 2020 09:37 from Cklamb: Tradervue User Stock Trades.

Gravatar

Shared by
Cklamb

 

TGT
Statistics
Total gain/loss: $2.63 Largest gain: $9.38 (show)

Average daily gain/loss: $2.63 Largest loss: $-16.65 (show)

Average daily volume: 840 Average per-share gain/loss: $0.01
Average winning trade: $5.83 Average trade gain/loss: $0.38
Average losing trade: $-6.90 Trade P&L standard deviation: $8.70
Total number of trades: 7 Profit factor: 1.13
Number of winning trades: 4 (57.1%) Average hold time (winning trades): 4 minutes
Number of losing trades: 3 (42.9%) Average hold time (losing trades): 3 minutes
Max consecutive wins: 2 (show)
Max consecutive losses: 2 (show)

Average position MFE: $4.25 Average position MAE: $-3.78

Intraday Fundamentals
• Sold off PM yesterday but filled most of the gap
• 105 resistant and holding PM, Inflection at 105 support at 104 and gap fill at 106.50
Technicals
ADV 6.12 RVOL 2.78 ATR 5.20 BETA .72 Short 1.93% Inst Own 85.50%
Daily

Hourly

Intra

Trading Strategy
• Long at 104 if it bases and holds here earlier in the day
• Short 106 for a scalp and judge if it has a chance to rebreak if it bases on a pullback at 105.50
Reading the Tape
I was not seeing much here and not reading it well.
Trade Management

Trade Notes
The game plan said to take this at 104. This is where I am killing myself the most. I watched this the whole way and should have just gotten back in. But, for some reason, I would take what it gave me and tried short this most of the rest of the day.
I had a long bias on this. I really needed to stick to the game plan on this thing in the morning. The momentum was obvious and i was hoping this would give me another chance to get it long at 114.
I had a target on this of 105.50 and had a solid entry over 106 and recent high of 106.25. this was a 2.5 to 1 on the set-up. I wanted to set it up that way and did not follow that plan again.
The only pre-planned trade that I really let work like I should have.


I had a long bias on this. I really needed to stick to the game plan on this thing in the morning. The momentum was obvious and i was hoping this wouild give me anothr chance to get it long at 114.
image


Execution detail:

Date/time Symbol Side Price Position
2020-04-24 09:37:49 TGT sell $104.800 short
2020-04-24 09:38:14 TGT buy $105.050 0
2020-04-24 09:39:25 TGT sell $105.435 short
2020-04-24 09:42:54 TGT buy $105.740 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in