Shared by
Cklamb
LOW
Statistics
Total gain/loss: $13.16 Largest gain: $5.38 (show)
Average daily gain/loss: $13.16 Largest loss: $-5.12 (show)
Average daily volume: 560 Average per-share gain/loss: $0.05
Average winning trade: $2.79 Average trade gain/loss: $1.46
Average losing trade: $-3.19 Trade P&L standard deviation: $3.08
Total number of trades: 9 Profit factor: 3.06
Number of winning trades: 7 (77.8%) Average hold time (winning trades): 4 minutes
Number of losing trades: 2 (22.2%) Average hold time (losing trades): 5 minutes
Max consecutive wins: 6 (show) Max consecutive losses: 2 (show)
Average position MFE: $3.26 Average position MAE: $-2.52
Intraday Fundamentals
• third day.. continuation of strength?
•
Technicals
ADV 7.55m RVOL 1.30 ATR 4.17 BETA 1.34 Short 1.31% Inst Own 78.9%
Daily
Hourly
Intra
Trading Strategy
• Look for longs on an opening move if it moves lower at 119ish with a little room to work
• Late day long at long around 118 if this trading in that range coming into the close
• If it breaks 121, hold for a pullback and look long
• If this flushes 119, hold for a retest and look for a short
• Short 123, for a scalp leaving a little to work down
Reading the Tape
I think this never led much in much of size and volume was down.
Trade Management
Trade Notes
This was a good read coming into 119. I was looking for a flush of 119 as weakness. I just felt that at this close to the open 119. There was never a reason to get out of this trade. There was a little hangover from yesterday morning. A stop below 119 and me walking away was the right way to play this and target VWAP.
Devastating... I market in on this when it changed candles at VWAP.. I am not sure if I had lag or the order took two minutes.. And it happened on both ends. I was just lucky that I was small enough that after I was flat to only be done this much. This would keep apprehensive the rest of the day.
I took this on the small retest of VWAP on 10/20/. I took off half as it came into target pretty quickly and used the SMA as the line in the sand for the rest which failed as temporary support.
I felt that this may give way into .50 if .75 did not hold. I set this up 7/14 but thought bete of this as it just did not start to work.
I had this one in the game plan and did not let it work for me.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-22 15:10:51 | LOW | buy | $122.040 | long |
| 2020-05-22 15:11:10 | LOW | sell | $122.080 | long |
| 2020-05-22 15:11:13 | LOW | sell | $122.104 | long |
| 2020-05-22 15:15:47 | LOW | sell | $122.112 | 0 |
Comments
Cklamb
Thanks for looking.
There is not a note for ths particular trade on the reveiw.. Good catch.
The way I have it labeled. Yes, as this started to break above 122, I was using the a hold of the SMA, 122 and the break and the small consolidation about 20 minutes earlier (14:45ish)
A little of a late day hack really. I set this out risking 7cents looking for 15 cents. It stalled at .11 and I tried to take half off to cover the risk but got filled a couple cents under that leading me to take a little more off. I was looking for the late day trend and was hoping to trail the last piece into .50 or better.
That did not work and leaving the set up at 7/15 and letting it play out would have been more profitable.
I think I posted this one because of the well defined risk. This seemed that It may have had enough strength to test the earnings day high on 7 cents late day.
IT is funny you mention TOS on this one. I very rarely have issues with ToS. But, this day, in the morning, I got hacked on some lag in this thing. LOL
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!
Which trading strategy did you use on this trade? Were you looking for the pull back to the moving avg? also.. nice to see a fellow TOS user