V Trade on May 4, 2020 12:00 from Cklamb: Tradervue User Stock Trades.

V
Statistics
Total gain/loss: $6.31 Largest gain: $48.04 (show)

Average daily gain/loss: $6.31 Largest loss: $-25.95 (show)

Average daily volume: 2580 Average per-share gain/loss: $0.00
Average winning trade: $18.45 Average trade gain/loss: $0.90
Average losing trade: $-12.26 Trade P&L standard deviation: $23.87
Total number of trades: 7 Profit factor: 1.13
Number of winning trades: 3 (42.9%) Average hold time (winning trades): 44 minutes
Number of losing trades: 4 (57.1%) Average hold time (losing trades): 5 minutes
Max consecutive wins: 1 (show)
Max consecutive losses: 2 (show)

Average position MFE: $11.11 Average position MAE: $-14.07

Intraday Fundamentals
• Second day set up
• Spiked into the morning to a gap close
• Close in the bottom third of its range
Technicals
ADV 14.16m RVOL .71 ATR 7.36 BETA .92 Short 1.77% Inst Own 97.1%
Daily

Hourly

Intra

Trading Strategy
• As this closed in the lower end of it’s range and is opening up below the PM low of the catalyst day should set this up for short in a weak market
• Current resistance levels for shorts 173.62 and 174.80. 174.80 on spike would be a resistance 2 short that can be played back into either the SMA or VWAP if it spike to that in the moring
• 173.62 will be significant resistance if this does not spike to 175.. look to short if the opening bounce is not strong
• If this flushes 172, short the bounce that should test the underside of VWAP and or the SMA
• Momentum scalps when the direction on the tape and the chart justify it keep these small with tighter stops and if one starts to run look to add on spikes in the trend
Reading the Tape
There were a couple of spots that it seemed like this had more momentum behind it then it did. I did not have a bead on anything and focused on the chart way too much.
Trade Management

Trade Notes
There are too many levels for me to tag which one I was working. I did manage to get a couple short of a few of these. It is when I started to step up in the sizing that I got hit a couple of times. It would have been a better trade to get with the trend. I was looking for a flow through second day play and the follow through and just kept out it to long. Most the shorts made sense except for a couple short around 174.30ish. I used the PM and a strong level of resistance and on prior day level. I did get on off the top that led this into a winning series.
I was trying to hold and wait for 175. But, this just kept holding 175.25. I kept trying to set up get a good set up for a break of .50 looking for a test of the SMA which was 176 at the time. I was trying to get a 2to1 ratio off 15 or 20 cents. I just kept hesitating on filling when is was closer to the bottom of this range. I would get filled at .41 ish and tapped out at the bottom of the range. With the set up in risk, these hurt. At least one of these should have been take at the low end of the range with a little more patience.
This was getting weaker on the longs I was trying for just prior to this. I entered this short on the bottom of the range and got eaten up on the spike before this continued its journey towards VWAP.
I could have squeezed more out of this. But, this was good hit and could have been taken a few seconds earlier. This a little bit of a revenge trade that worked out.
Wow.. I was is in P&L management mode here. I ended up on trend just below a decent level late in the day. A better placed stop on a smaller size at 2 to 1 would have let me ride this into the close.
There are two sperate set ups here. A little apprehensive on the break of 176.50 probably due to the last break set up that got the better of me and being later in the day.

I could have squeezed more out of this. But, this was good hit and could hae been taken a few seconds earlier. This a little bit of a revenge trade that worked out.