WMT Trade on May 20, 2020 09:37 from Cklamb: Tradervue User Stock Trades.

WMT
Statistics
Total gain/loss: $2.71 Largest gain: $5.10 (show)
Average daily gain/loss: $2.71 Largest loss: $-3.90 (show)
Average daily volume: 160 Average per-share gain/loss: $0.03
Average winning trade: $3.31 Average trade gain/loss: $0.90
Average losing trade: $-3.90 Trade P&L standard deviation: $4.53
Total number of trades: 3 Profit factor: 1.70
Number of winning trades: 2 (66.7%) Average hold time (winning trades): less than a minute
Number of losing trades: 1 (33.3%) Average hold time (losing trades): 1 minute
Max consecutive wins: 2 (show) Max consecutive losses: 1 (show)
Average position MFE: $2.20 Average position MAE: $-1.30

Intraday Fundamentals
• Second day Play
• Sold off all and closed at LoD
Technicals
ADV 11.28m RVOL 2.25 ATR 3.24 Beta .31 Short 1% Inst Own 30%
Daily

Hourly

Intra

Trading Strategy
• This is looking like this may wan to flush at the opening and test the close from yesterday
o If this does happen look for the tape at 125.50 and 125 and see if the strength will permit a long scalp back into the opening print
• If this holds 126 and starts to move up looks for some topping action at 127 for a possible quick reversal to retest 126
• There is resistance at 127 and 128.50 that are most notable, but there may be some activity around 127.50 as well
o Short 128.50 on the initial test , hold for direction on any test after that
Reading the Tape
I wish I would have caught the tape better on the first trade out. However, I caught the change in character on the run from 125.50 to .90 where is stalled and then I found the stall just under .50
Trade Management

Trade Notes
I was using a level that I had off the daily to gauge a place to take this long just under 125.50. This was looking like it was going to hold the level. I was biased thinking that this would have a little bounce after yesterday's sell off and a strong pre-market on the back of positive earnings out of TGT and LOW. I set it up 20/40. Maybe, If I would have taken it when it worked around in the lower 40s, I may have been able to get the RVR on this play.
This was a solid reaction trade to the slowing and stall in the upward momentum. I took a short as it failed using VWAP as the stop. I set this one up on 15/30 thinking I may have take it off at .50. which was forced by the fill just under .80. I took half off and the momentum was solid enough that I did try to let the rest ride as it flushed .48 and stalled there for a bit.
I was in the right spot and I got sized up and came out with this little ass shit.