JPM Trade on May 28, 2020 12:36 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

JPM
Statistics
Total gain/loss: $21.83 Largest gain: $8.33 (show)
Average daily gain/loss: $21.83 Largest loss: $-4.06 (show)
Average daily volume: 1160 Average per-share gain/loss: $0.04
Average winning trade: $4.00 Average trade gain/loss: $1.56
Average losing trade: $-2.84 Trade P&L standard deviation: $3.96
Total number of trades: 14 Profit factor: 2.54
Number of winning trades: 9 (64.3%) Average hold time (winning trades): 9 minutes
Number of losing trades: 5 (35.7%) Average hold time (losing trades): 4 minutes
Max consecutive wins: 5 (show) Max consecutive losses: 2 (show)
Average position MFE: $3.38 Average position MAE: $-1.97
Intraday Fundamentals
• Sector play from past couple of trading days
Trading Strategy
• Long 100
Reading the Tape
I saw a large buyer step up a couple of times under me when I was first working to catch a good long at 100. There a couple of times but it never gave me the support I was looking for on the trade at the time.
Trade Management

Trade Notes
Due to trading this earlier in the weak, I felt like this would 100. I did not prep for this name before the bell. So, I had a few levels to work with. However, on this trade, it had looked like a solid test of 101 a logical rejection of 100.50. So, I tried to take on momentum set up expecting a bounce off the SMA.
I was late here. I wanted to pull this at 99.80 as it had barely given that up on the tape. I was only looking for the retest of 100 on this trade. This meant I was setting the risk on the target. However, filling at .80 still would have stopped me out before this retook 100. This had not seemed to be breaking the morning trend making me feel if .75 did not hold that this could flush the LoD before retaking 100.
UGH.. how much more could I have asked for here!!! I got my risk covered on the last ten share well under the LoD.. What a hack. I know this brough me back to even on the P&L.. WTF!!!
I tried to get back in... and played too tight.
A nice win, but this was still I can get back in trade that i should not have had to "get back in" solid in trade management... finally. I was a a 10/20 again. the strength gave me a 15 cent partial. This would have left me with a stop that I could have road into 100.50 or better just like two trades prior.
This was another attempt to get back in. I was small enough here that I have given this some more room. I was thinking small here and it cost me more than helped me.
I longed this twice at this level. I was having a hard time getting out of my own way on this one. But, it will pay off.
I played this one well. It does suck to get wicked out like this one though.
This was a step up in size that I got risk and let the partial ride. I moved the stop 1 for 1 and finally got stopped a bit later.
Nice trade!! Solid break above VWAP and 100.50
This was a solid attempt to get the break our above the previous local high. I was hoping for and extension to 101.75. I tried to get the first partial at 7 cents as that was the risk which led me to take a little more off. I took this off as it started to look like it started trading at and below the SMA.
I needed to take this closer to the VWAP line. But, this was good rational looking for this to break and put in a lower high before turning around and 101 rejecting made sense.

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Execution detail:

Date/time Symbol Side Price Position
2020-05-28 12:36:50 JPM buy $100.480 long
2020-05-28 12:37:29 JPM sell $100.510 long
2020-05-28 12:38:19 JPM sell $100.575 long
2020-05-28 13:05:21 JPM sell $100.960 0


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