SBUX Trade on Jun 10, 2020 09:39 from Cklamb: Tradervue User Stock Trades.

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Cklamb

 

SBUX
Statistics
Total gain/loss: $24.05 Largest gain: $19.74 (show)
Average daily gain/loss: $24.05 Largest loss: $0.00
Average daily volume: 132 Average per-share gain/loss: $0.36
Average winning trade: $12.03 Average trade gain/loss: $12.03
Average losing trade: n/a Trade P&L standard deviation: $10.90
Total number of trades: 2 Profit factor: n/a
Number of winning trades: 2 (100.0%) Average hold time (winning trades): 9 minutes
Number of losing trades: 0 Average hold time (losing trades): 0
Max consecutive wins: 2 (show) Max consecutive losses: 0
Average position MFE: $12.85 Average position MAE: $-0.84
Intraday Fundamentals
• Earnings miss
• 91% of stores back online and increasing openings n China
Technicals
ADV 14.24m RVOL .51 ATR 2.18 BETA .8 Short 1.76% Inst Own 71%
Daily

Hourly

Intra

Trading Strategy
• If 80 drops at the open hold until this starts to test 79, if it spikes below 79 take the long off 79 and hold until 79.50 and the remainder up to 80
• If the flush holds under 79. Look for the next hold just above 78.
• VWAP Test and SMA Momentum plays on multiple time frames
Reading the Tape
Out of the gate, I was watching this. I did not see anything telling out for the first couple of minutes until it rejected 80 a couple of minutes and the tape turned red all the way down past 79.50 just below the PM low when some buyers step in. it was the run back into 79.60 that began to stall that let me take it short risking the VWAP overhead. On the second setup I was watching to this as it just came off the LoD and came back into 78.31 a couple of times getting it long as it came back under 78.40 once more.
Trade Management

Trade Notes
This was a tough one. I could not tell if I got executed on this until I restarted the platform. When I logged back in it was trading at 79. I was rattled enough I tried to flatten and had the same issue with needing to shut down the platform. The set up made sense as I had a stronger level to work with at 79.60 and I had watched this flush to 79.33 and the saw it struggle just above 79.60, I think I may have taken an early partial on this and taken a little more on the remainder if i had not been rattled when I logged back in. I had been looking for a long closer to 79. it was the price action that led me to believe that I could play this back down to 79 before I should look long.

I had in the game plan that this should stop just above 78 and I should for the long from there heading back into 79. I did not see this flush 78.25. But, I did watch as this started to gain more and more strength in the 79.30 range and decide that I had something I work off the LoD. I needed to retake this long as it came back off 78.23 due to the volatility stemming from the fed announcement.


Execution detail:

Date/time Symbol Side Price Position
2020-06-10 09:39:10 SBUX sell $79.671 short
2020-06-10 09:42:03 SBUX buy $79.123 0


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