DAL Trade on Jun 4, 2020 09:30 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

DAL
Statistics
Total gain/loss: $30.67 Largest gain: $26.78 (show)
Average daily gain/loss: $30.67 Largest loss: $-10.89 (show)
Average daily volume: 2856 Average per-share gain/loss: $0.02
Average winning trade: $5.97 Average trade gain/loss: $2.19
Average losing trade: $-4.62 Trade P&L standard deviation: $8.65
Total number of trades: 14 Profit factor: 2.33
Number of winning trades: 9 (64.3%) Average hold time (winning trades): 2 minutes
Number of losing trades: 5 (35.7%) Average hold time (losing trades): 9 minutes
Max consecutive wins: 4 (show) Max consecutive losses: 2 (show)
Average position MFE: $5.48 Average position MAE: $-12.20
Intraday Fundamentals
• Sector play.. airlines and casinos are trading with most volume on reopening and normalcy hopes
Technicals
ADV 54.02m RVOL 1.2 ATR 1.8 BETA 1.26 Short 5% Inst Own 78.6%
Daily

Hourly

Intra

Trading Strategy
• 28.60 is a long off the prior day’s high, if this looks like it would be in play wait for the flush below see if 28.44 holds and take as it retakes 28.50 and holds
• 29 was in play earlier in the sell off see if this level has a buyer underneath and take a long here.
• Short 29.20 if this bounces off 29 and does not have follow seem to have follow through.
• News flow seems positive in this sector, work the long side
Reading the Tape
I hit a solid tape read on the opening flush that I even though maybe LoD at the time.
Trade Management

Trade Notes
This was an excellent tape read out of the gate. I had the confidence to take it and stick with it. I gave to much up as it retraced from almost 30.50.
Wow, I decide to trade big on the initial take and of course added when I should not have here. I am proud that I did add in logical spots and was going to work the price down as low as I could get it and hope I didn’t have to marry the trade. I did cycle the adds off well. But, somewhat like the BIG loss a few days ago leaving this one another ten minutes would have set me off to a great day instead of just getting me back to even.
There was so much more here. This is what i get for getting myself in trouble starting off the last trade and this getting me back to a solid start. I have got to get better at holding through the plan. I targeted 31.80 off 32. I did not even try to hold.
This was playbook trade and set up and I was not able to follow it through. A trending stock with a late morning test of VWAP.
I was trying to short this back into something I could take a short back into 31 abd then take the long from there.
I was late to this play and then took thinking that I had missed out on a retrace to 31.
A tightly managed attempt to get something long off 31.50. I was able to get small thinking that I could add if it started closing over 32.80
A little take on some momentum that I thought would carry. This would keep me looking to the short of 31.50 for a little to long and I would give a little back trying to get this to work again.


Execution detail:

Date/time Symbol Side Price Position
2020-06-04 09:30:47 DAL buy $29.725 long
2020-06-04 09:30:57 DAL sell $29.860 long
2020-06-04 09:31:11 DAL sell $30.010 long
2020-06-04 09:33:25 DAL sell $30.040 0


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