KSS Trade on Dec 1, 2020 09:33 from Cklamb: Tradervue User Stock Trades.

KSS
Intraday Fundamentals
• Bad BF traffic reported yesterday
• Sephora setting up shops inside KSS stores
Technical Stats
ADV 9.48 RVOL .91 ATR 1.86 BETA 2.06 Short 18% Inst Own 87.50%

Trading Plan
• Short this if it spikes right at the open
• Short the first test of 36.41 and any spike above that later in the morning session
Reading the Tape
There were a few times that tape told me what to expect for the next couple of minutes. I also gave me good stalls on new highs.
Trade Management

Trade Notes
I was convicted that this would sell off and give at least a partial gap fill. I took this on the spike above the PM high looking to clear some at VWAP. This is a typical high probability quick scalp for me. This would give me the chance to take some off at 20ish cents. My conviction kept me in the trade. I was actively looking to add as I settled into the trade. I did add as it got back to my original entry above the PM high. I think this was a little early. But the trade started to work and I stayed committed to holding until this tested VWAP. I did not take any off when it offered me another 20 cents leaving me tier 2 looking for the flush. It would start to work against me. I was still willing to add waiting for the test of VWAP. I would take a big add above 37 and clear it plus some of the other added size for about 30 cents. This would set me up to add again or hold some size for the test that I was waiting for. It would reach a new high and I would add small on the tape at 37.20clearing some at .92 getting prepared to add a little more if this moved into 37.50. I would take a little more off as this started set up support on 36.75. I still felt like I wanted hold this and debated taking more off. I wish I would have as this double topped and I was not willing to add anymore after what I had seen at .75. This test of the HoD would unsettle me and I would take some off at .92 that I should not have. I did manage to take the last of at a test of the PM high and stopping the rest out above VWAP.

All and all, this was crap trade with a few moments of brillance during the first half of the trade. However, this is a partial result of me trying to hold trades for bigger moves. I am not sure that this is the best idea in the first few minutes of the day.