JPM Trade on Jul 6, 2020 09:55 from Cklamb: Tradervue User Stock Trades.

Intraday Fundamentals
• Back up trader goo ATR and spread after the opening
• This is setting up to be an inside say even with the gap up
• Range bound for the last five days95.75 to 92
Technicals
ADV 24.77m RVOL 1.13 ATR 3.90 BETA 1.17 Short .75% Inst Own 74%
Daily Chart

Hourly Chart

Intra Chart

Trading Strategy
• Look for along 93.50 if this drifts in the morning and starts to base around that level
o I had this I was just at the g
• If 93.50 drops, wait and see if this gives a good test of 93 and start to rebound with some change in the in the slope of the SMA
• Short 95.75 back into 95, If you start this small, I can add up to 96.65 @ 96 and 96.50 and work the average price from there until this gives in later in the day.
Reading the Tape
I saw this base on the tape at .55 after selling off the few minutes prior. Plus, the next run back in to 34.60 and watching this not giving on the bid side at all.
Trade Management

Trade Notes
This was foolish. The tape read was good enough to let me think I was going taek some off above 95 which it gave me. that is partially why I went in heavy with the thought of taking most off on any hold above 95 giving me some risk to work with on a play that I had not really set up for even though I felt this would range as an inside day. Meaning, this screamed short to me. But, the break seems to be the better Risk v Reward considering the overall strength in the market at the time. I would follow this with a short though.
I tried to take the partial to quickly on a market order as the spread had widen a bit. this order brought the fill back below my entry losing the 4 cents that I thought I had to cover some of the quick risk and just really cost myself a solid momentum set up that would have given me the 20 cents that I was looking for.
This was lucky and dangerous. Although the risk was reasonable jumping at this a little late skewed the risk. But, I was not looking for much on any trade at this point.