Shared by
Cklamb
WMT
Intraday Fundamentals
• Tik-Tok merger -rumor on them and MSFT being the lead bidders and may announce this day
• Starting a membership program
Technicals
ADV 9.44 m RVOL 1.59 ATR 2.93 BETA .28 Short 1% Inst Own 30.20%
Daily Chart
Hourly Chart
Intra Chart
Trading Strategy
Reading the Tape
I cannot say that the tape lead to anything definitive
Trade Management
Trade Notes
Lucky...Late entry at best.. stop way to tight and unreasonable.. but, sized for a small quick bounce as the level looked to hold.
I got big here. I had the conviction. I got a nice after this worked against me. I would been better taking keeping it small and taking deeper stop. But, I was convinced that this would let me out at the SMA and started adding to quickly. This put me on edge as this started to work.. to bad!!!
I planned this believe it or not. I was set on taking some HoD trades obviously. This is a dangerous mode to get in. But, this broke 147 and held for a minute. I stopped in at at.89 getting filled at .87 and took it off when it hit the short term SMA.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-09-01 10:08:56 | WMT | buy | $142.380 | long |
| 2020-09-01 10:09:29 | WMT | buy | $142.235 | long |
| 2020-09-01 10:09:45 | WMT | buy | $142.230 | long |
| 2020-09-01 10:10:03 | WMT | buy | $142.185 | long |
| 2020-09-01 10:10:08 | WMT | buy | $142.165 | long |
| 2020-09-01 10:10:08 | WMT | buy | $142.165 | long |
| 2020-09-01 10:10:17 | WMT | buy | $142.050 | long |
| 2020-09-01 10:11:22 | WMT | sell | $142.255 | 0 |
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