CAT Trade on Apr 27, 2020 10:55 from Cklamb: Tradervue User Stock Trades.

Gravatar

Shared by
Cklamb

 

CAT
Statistics
Total gain/loss: $7.67 Largest gain: $27.58 (show)

Average daily gain/loss: $7.67 Largest loss: $-14.00 (show)

Average daily volume: 3640 Average per-share gain/loss: $0.00
Average winning trade: $11.08 Average trade gain/loss: $1.53
Average losing trade: $-12.78 Trade P&L standard deviation: $16.55
Total number of trades: 5 Profit factor: 1.30
Number of winning trades: 3 (60.0%) Average hold time (winning trades): about 2 hours
Number of losing trades: 2 (40.0%) Average hold time (losing trades): 40 minutes
Max consecutive wins: 3 (show)
Max consecutive losses: 2 (show)

Average position MFE: $12.75 Average position MAE: $-15.17

Intraday Fundamentals
• MS Downgrade citing headwinds stemming from covid and a lack of commercial construction going forward
Technicals
ADV 5.51 m RVOL .54 BETA 1.14 ATR 6.19 Short 1.64% Inst Own 67.3%
Daily

Hourly

Intra

Trading Strategy
• Short 114 and or 111
• If 111 holds, consider taking a long into 112.50
Reading the Tape
It looked to me like this was a short on the tape as 111 did not hold. But as the day wore on there were a couple of times where I saw that the new high was going to hold for a bit. I did hesitate a little on these though and it never really gave me the RVR setups unless I hit them at the right time. The tape did not seem weak above 116. I feel like that there was something I missed here though.
Trade Management

Trade Notes
I took this off 111 as I felt that would play into a continuation of the pre-market moment . I was looking for to give up some ground to about 109.50 before being able to move higher. I did not notice that it actually had got pretty close to that before I tried to short it off 111. This observation may have flipped my bias and kept me on the right side of this at least until 112.50. However, my goal was it take a trade with the appropriate risk and let them play through. This should help avoid some the noise and I can get back to the tight risk and partials after I can finally let some trades sit and get used to the probabilities and running proper rvr.
Ugh... this is the one that set me agains the trend the rest of the day. This had held 112.80 four times ledading up to this break of 113. it was still early enough in the day that i was expecting this not to have to retest this level after this.
Wow... i was just against the whole time here. As I look back on this, i knew i was countr tredn and could not get myself on the trend side as i jsut kept feeling liek it was over extended. I played all possible stopping levels and managed to get a couple 2 for 1 shorts while doing so. The only thing that save me through here was defined risk and and targets and sticking to the sizing.
I had the right short off 116 in here and did not stick to the setup like i ahd done earlier in the day. Or, I could have said that I got a good test of the how probabilites workd by sticking to a game plan and a certain RVR profile.


WOw... i was just against the whole time here. As i look back on this, i knew i was countr tredn and could not get myself on the trend side as i jsut kept feeling liek it was over extended. I played all possible stopping levels and managed to get a couple 2 for 1 shorts while doing so. The only thing that save me through here was defined risk and and targets and sticking to the sizing.
image


Execution detail:

Date/time Symbol Side Price Position
2020-04-27 10:55:54 CAT sell $112.785 short
2020-04-27 10:58:30 CAT buy $112.570 0
2020-04-27 11:11:15 CAT sell $112.500 short
2020-04-27 11:18:34 CAT buy $112.200 0
2020-04-27 11:53:07 CAT sell $113.430 short
2020-04-27 11:53:11 CAT buy $113.490 0
2020-04-27 12:09:58 CAT sell $113.800 short
2020-04-27 12:28:25 CAT buy $113.610 0
2020-04-27 13:09:44 CAT sell $113.640 short
2020-04-27 13:16:39 CAT buy $113.488 short
2020-04-27 13:17:31 CAT buy $113.579 0
2020-04-27 13:50:20 CAT sell $113.830 short
2020-04-27 13:52:55 CAT buy $113.980 0
2020-04-27 13:56:00 CAT sell $114.125 short
2020-04-27 14:01:59 CAT buy $113.920 short
2020-04-27 14:03:32 CAT buy $114.219 0
2020-04-27 14:16:45 CAT sell $114.600 short
2020-04-27 14:17:40 CAT buy $114.798 0
2020-04-27 14:18:07 CAT sell $114.740 short
2020-04-27 14:21:05 CAT buy $114.848 0
2020-04-27 14:21:37 CAT sell $114.800 short
2020-04-27 14:24:26 CAT buy $114.925 0
2020-04-27 14:25:43 CAT sell $114.920 short
2020-04-27 14:30:48 CAT buy $114.738 0
2020-04-27 14:37:38 CAT sell $114.840 short
2020-04-27 14:38:42 CAT buy $114.900 0
2020-04-27 14:48:19 CAT sell $115.500 short
2020-04-27 14:48:39 CAT buy $115.660 0
2020-04-27 14:54:28 CAT sell $115.469 short
2020-04-27 14:56:33 CAT buy $115.315 short
2020-04-27 15:00:03 CAT buy $115.538 0
2020-04-27 15:01:44 CAT sell $115.540 short
2020-04-27 15:03:39 CAT buy $115.689 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