JD Trade on May 15, 2020 13:55 from Cklamb: Tradervue User Stock Trades.

JD
Statistics
Total gain/loss: $28.03 Largest gain: $26.82 (show)
Average daily gain/loss: $28.03 Largest loss: $-25.00 (show)
Average daily volume: 2780 Average per-share gain/loss: $0.02
Average winning trade: $7.39 Average trade gain/loss: $1.56
Average losing trade: $-5.74 Trade P&L standard deviation: $9.94
Total number of trades: 18 Profit factor: 1.61
Number of winning trades: 10 (55.6%) Average hold time (winning trades): 7 minutes
Number of losing trades: 8 (44.4%) Average hold time (losing trades): 2 minutes
Max consecutive wins: 3 (show) Max consecutive losses: 2 (show)
Average position MFE: $6.33 Average position MAE: $-3.95
Intraday Fundamentals
• The U.S. -listed shares of JD.com Inc. (JD) rallied 3.1% in premarket trading Friday, after the China -based internet retailer reported first-quarter profit and revenue that beat expectations, as the company was able to remain fully operational through the COVID-19 pandemic. Net income fell to RMB1.1 billion ( $200 million ), or RMB0.72 ( 10 cents ) a share, from RMB7.3 billion , or RMB4.96 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share slipped to RMB1.98 from RMB2.23 , but was above the FactSet consensus of RMB0.71 . Revenue rose 20.7% to RMB146.2 billion ( $20.6 billion ) to beat the FactSet consensus of RMB136.8 billion . Annual active customer accounts grew 24.8% to 387.4 million in the 12 months ended March 31 , up from 310.5 million in the same period a year ago. Mobile daily active users increased 46%. "We are also pleased to see an accelerating increase in user engagement, demonstrating our strengthened brand image and expanded consumer mindshare," said Chief Financial Officer Sidney Huang . "Throughout the COVID-19 outbreak, JD has implemented disciplined financial control policies while providing undisrupted and timely services to consumers." The stock has rallied 16.7% over the past three months through Thursday, while China's SSE Composite has slipped 1.7% and the S&P 500 has dropped 15.6%.
Technicals
ADV 18.39 m RVOL 1.49 ATR 1.88 BETA .88 Short 2.64% Inst Own 50.20%
Daily

Hourly

Intra

Trading Strategy
• This is trading at it’s ATH in the PM. It has pulsed as high as 51.80 and has tested that level twice so far with and hour left before the bell
• It has come down to below 49.50 and has come close to it most recent high @ 49.06
• This is a long this morning if this holds 50.50 for some time.
• With the strong day yesterday, this should set up to sell off out of the open. If this does happen 49.50 and 49 seem to be the most logical points for it to catch with 48.50 an inflection point or the breakout point from yesterday. Watch the tape as it comes into these level before taking the bounce.
• If this continues to extend above 51 at the open wait to short the PM high for a quick scalp and wait for it to come back in to VWAP or the opening to cover and change bias
Reading the Tape
There were a couple momentum trades in here that were followed with strength on the tape. I was away for the turn of 48.80.
Trade Management

Trade Notes
7:32 AM
I entered this expecting a rejection of early VWAP and bias to the short side due to the overnight ATH. I hit in with a 20/40 bracket which hit quick on the bad tape read.
7:46
I took this after it reached into 50.80ish without a stop and was going to hold unless it stayed above 51 for a few candles. I got it short just above the prior ATH It reached 51 and retraced with only the one stall at 50.50. It the stalled right at my SMA when I flattened.
7:51
I felt that this had enough momentum that it was going to break 51 this time around. I believe. I felt like did set this up with a good RVR using a 10/20.
7:59
I worked this as it tried to reclaim VWAP as I was looking for a continuation of the trend that seemed to be setting up.
8:00 am
Good play to tight of stop this would have eliminated the nest losing long that I took big because this led me to believe that 50 was going to hold.
8:02 am
Revenge long and short as my Prior short seemed like it went bad.. this would led into another revenge trade that hit. I just out right played this level wrong.
8:33 am
I anticipated the resistance here. I felt that I could get a run back to 49 risk .64 on a 15/30.
8:37
I saw the stall after the big move and just getting hit on a long to take this as the recent high started to fail.
9:46
I shorted this using .40 as the stop and bracketed 15/30 thinking that I would want to half off and wait look for this to flush to 48.50 a spot of strength from yesterday's trading. I took half of at 14 cents and was able to put a comfortable stop at .31. I took part off at the original target. Then missed a chance to add it back. I took another portion off as it gained 49 again. I tried to hold the remainder to 48.50 and took a break and missed what had to be strong tape. This left me with a one for one set up.
9:50
I played this to continue the trend here. I had a chance to take this at .17 on the 10/20 and thought better about unfavorable RVR on this and took it anyway.
10:14
This was an obvious break of the level and I took the quick. I have to better than this. I had to follow up ( reenter) the quick large hack with something to try to hold in VWAP.
12:55
I took this after the I hacked a bit off 50.50 in the last couple set ups. I took this smaller this time looking for the break. I set up at 10/20 canceled the bracket and took half off at risk and a little more at a stall. I would spend a little bit of time trying to rebuild the position. It started to look less and less like this was going to have the strength to hit a late day HoD and let it stop me out on the last pullback in to .60