WORK Trade on Jun 3, 2020 14:15 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

WORK

Statistics
Total gain/loss: $17.98 Largest gain: $6.57 (show)
Average daily gain/loss: $17.98 Largest loss: $0.00
Average daily volume: 624 Average per-share gain/loss: $0.06
Average winning trade: $3.60 Average trade gain/loss: $3.60
Average losing trade: n/a Trade P&L standard deviation: $2.44
Total number of trades: 5 Profit factor: n/a
Number of winning trades: 5 (100.0%) Average hold time (winning trades): 6 minutes
Number of losing trades: 0 Average hold time (losing trades): 0
Max consecutive wins: 5 (show) Max consecutive losses: 0
Average position MFE: $4.78 Average position MAE: $-2.04
Intraday Fundamentals
• 2nd day set up
• Testing a hold of the IPO opening price
• 42 ATH should get tested soon if 38.30ish holds
Technicals
ADV 16.48m RVOL 2.26 ATR 1.9 Short 8.33% Inst Own 69.9%
Intra

Trading Strategy
• Look for longs in the lower 38 area if possible. 38.40 is most likely support level 2 and 38 S3
• Break out trade possible above 39.50 with initial target of 40.20
• Consider a long at 39 if it holds strong with a initial target @39.50 for the partial
• VWAP Tests and SMA momentum plays after a level test

Reading the Tape
I was with the order flow early and of 38 twice. I also caught some lareger buyer early in the day at 39.19 and used the level once for a pike.
Trade Management

Trade Notes
In game plan with the long off the level I had worked for a break off of yesterday. I wanted this for a bigger move. I felt good enough about this play that I should have set it and targeted 42. I have got to find some way to be more patient at the opening.
This was on plan again. I had a great add. I held a trade off this level earlier with a win given the great overall price on this set up. I needed to hold this. The target was 39 to 39.50.
I was just trying to stay with the momentum here and did not have a plan. So, of course, i took partials quickly and did not manage the rest well.
This was a nice set up. I hit this oat the break of .56 the most recent resistance above 39.50. I also think the exited this well. I needed to stay a little bit bigger into .66. This had a few things line up pretty well.

image


Execution detail:

Date/time Symbol Side Price Position
2020-06-03 14:15:46 WORK buy $39.560 long
2020-06-03 14:15:55 WORK sell $39.590 long
2020-06-03 14:15:58 WORK sell $39.593 long
2020-06-03 14:18:50 WORK sell $39.664 long
2020-06-03 14:28:16 WORK sell $39.760 0


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