PINS Trade on Aug 10, 2020 09:49 from aceknuckles: Tradervue User Stock Trades.

Ticker: PINS
Date: 8/10/20
Size: 50
Amount of Trades: 2
Closed P&L: $-49.12

(as of 7/29/20)
RVol: 1.3
AVol: 16.6M
ATR: 1.8
Float: 458.66M
Short Float: 6.09%
Beta: N/a
52 Week Range: $10.10 - 37.33
Sector/Industry: Communication Services/Internet Content & Information

PINS is a company I've been interested in for some time. Morgan Stanley's upgrade to overweight from equal weight citing growth in the social e-commerce space. $36.8 was serving as resistance but looked like this was a opportunity to become support on good news. Price held 36.08 on the open and I got long. Price bounced and failed about 10 minutes later. I got stopped out at 35.4. I saw 35.4 serve as support. The way buyers got price back to 36.08 and back above VWAP, I felt this was the move I was waiting for. I put my worries of a round-trip aside and took another swing. Price filed again but not so far that I got stopped out. I took this as sellers finding a floor where they'd sell. Price continued to sell off. The next day, price dipped below my stop without taking me out. I'm noticing this being a trend with this platform. I wasn't sure if price was going to continue downward so I adjusted my stop. I got stopped out at 34.79, but at least it wasn't another round trip. The haircut was a lot more off the top than I would have liked.