CAH Trade on May 11, 2020 15:00 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

CAH
Statistics
Total gain/loss: $25.53 Largest gain: $36.31 (show)
Average daily gain/loss: $25.53 Largest loss: $-22.00 (show)
Average daily volume: 2140 Average per-share gain/loss: $0.02
Average winning trade: $8.09 Average trade gain/loss: $1.82
Average losing trade: $-6.54 Trade P&L standard deviation: $12.40
Total number of trades: 14 Profit factor: 1.65
Number of winning trades: 8 (57.1%) Average hold time (winning trades): 9 minutes
Number of losing trades: 6 (42.9%) Average hold time (losing trades): 2 minutes
Max consecutive wins: 3 (show) Max consecutive losses: 3 (show)
Average position MFE: $6.45 Average position MAE: $-8.69
Intraday Fundamentals
• beat eps/rev. reaffirmed guidance.
Technicals
ADV 3.08 m RVOL .9 ATR 1.88 BETA .98 Short 1.51 Inst Own 91.40%
Daily

Hourly

Intra

Trading Strategy
• look for support plays@52 if it slushes 53
• looks for a long at 53 if it start to hold here and above VWAP
• Short 54 if this spiked and falls below VWAP at 54 in a confluence
Reading the Tape
There was a stretch late in the morning that I kept watching 53.30 holding for a quite I tried to play of it a couple of times but kept hesitating when it was trading in the low .30s. Plus, there was once that it let me know that it was not going to move above 53.49 and I did not take off what I had left on the table.
Trade Management

Trade Notes
• I came to this late considering that I had a plan to work this off 52 and/ or VWAP. But, I tried to get filled on my best thought and couldn’t not get filled. So, I did change over a little late and a little frustrated.
o I was working on my plan that said if this flushed and then started to hold 53 to take it long and look for 54. But, I took it on a 20/40 because I was so far away. I felt like I was chasing at the level and decided to take a partial at 20 cents. I watched it start trading in .80s and moved the stop up ending up with a 1 for 1 set on the whole trade.
o This is not how the partial set up should have worked. This being left at BE would have let this make the run to 54 where I would earned a 3.5 to 1 set on the remainder or just over 2 to 1 on the entirety.
• This move back into VWAP and gave a brief touch. I held for a bit to try to get some confirmation that this would hold and it could overcome 53.50. I had set this up as 20/40 which was a little more that I should as do think I entered about 11 cents above VWAP at the time. It did give me enough reason to believe to think this could make it back to test 54.
• Another attempt to take this above 53.50 after taking a 20 cent tap out. This is where I was fooled by the tape and some strength that I kept seeing around 53.31.
• This was not a set up. I know was approaching this as a support play thinking there was enough action at and above 53 that this was going to .75 and it did not.
• Best trade of the day
o This was set with 15/30. I had worked this long enough that I felt that I had at least a 2 to off of 52.53 for 15 and took this one on a .10/20 set ups. I took a partial at 6 cents and pull the stop up to .47. This decision partial came from hacking it up and finding a way to be even with some luck. Plus, this should have tapped me out when it spike into .40 and it didn't. I was not wanting to go back in the hole after a pretty lucky bailout trade. However, at that point I was committed to trying to let this run to 54 and took a little more off at .93. This is where I got greedy thinking I had a home run. I left to much on and set the stop at the point of the original 2 for 1 trade which left me with a one to one set up.

o I still think was the best trade of the day due to the early adjustments in the trade and the tape red that led me to believe I could play off 52.50
• Momentum trade off a break and hold of the SMA taken on a 5/10 setup that I took off on the consistent rejection of .25/.26 on the tape.
• I had the wrong rvr set up here. a 7 /14 that did not trigger with a big buyer .88. 4 cents short. I tapped out as 53 started to hold again.
• This worked well using both the tape and the SMA as it was above VWAP and I watched this hold and grind higher twice from .90 ish the last hour or so.
• This was another well managed trade using the SMA and the tape to set up. However, this had given me the opportunity to get in 53.17 a couple of times before I took this on a 7/14 set up. I took a partial 8 cents and help the remainder with 7 cents. I moved it up when it started trading over 40. I had a couple of opportunities to take this off at .49. But, I looked for the home run even though I was beyond the initial target.

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Execution detail:

Date/time Symbol Side Price Position
2020-05-11 15:00:13 CAH buy $53.245 long
2020-05-11 15:07:02 CAH sell $53.325 long
2020-05-11 15:20:23 CAH sell $53.365 0


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