PINS Trade on Oct 19, 2020 11:25 from spyrosz: Tradervue User Stock Trades.

Everything becomes difficult with this name...
Alert hit when it tried to break through R1=$45 for the 1st time.
I put it on close watch, and waited for a clear break of the resistance level.

PINS remained strong and started showing relative strength vs an extremely weak overall marker that was selling off hard at the time.
It managed to break above R1=$45, so when it did a pullback to that level,

got long filler, risking the higher low below VWAP $44.5, added as it held support at R1 and pushed higher, expecting the rally towards R2=ATHs=$45.8 to sell some.
Tape remained pretty strong despite market weakness, and I decided to add more paying higher prices as tape was leading the way. Added for the break of HOD=$45.5, moving stop below R1=$45.

Sold some in-front of R2=ATHs=$45.8, and sold more at the push to $46.3s and new ATHs.
Felt confident on holding remaining size (about 40% of original size) as a swing,
- I was green on the name, having sold > 50% of size
- name was showing relative strength vs weak overall market
- I was expecting PINS to hold prices and close above $45.8-46.

Funny thing, how PINS rolled over hard, lost R2=previous ATHs and flushed to VWAP.

(-) Too slow!! Partial stop once it lost R2=previous ATHs=$45.8 with authority, full stop once it got below $45.5 pivot support and VWAP.
(-) Once again, me trying to hold for the bigger move didn't work and I had to give back significant PnL. Must be more aggressive with my exits esp. in a day that overall market is sooo weak.

Tried to buy some in-front of VWAP for a bounce, but tape remained weak + market was getting hit hard, so I bailed.

Tried it one more time in-front of R1=$45 getting size, risking tight stop $44.85s, and scalping the pop to VWAP.
Once I saw that it put higher lows vs market lower lows, reloaded long, risking same tight stop, and started trimming size on the way up.

Very good close above VWAP and R2=previous ATH=$45.8, so kept some size for a swing.
Up to new highs $46.39 post-market...

Nice:)

Off course it had to come all-the-way down from $46.5 to $44.6! This name...
Didn't hold support at S1=previous ATHs=yesterday's close=$45.8, S2=$45.5 nor S3=$45.
Took the stop as I should, giving back a good chunk of unrealized PnL here.

And to top it all, it jumped to $48 post-market on SNAP earnings beat.
Mpliah:(

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-10-19 11:25:02	PINS	buy	$45.100	long
2020-10-19 11:35:14	PINS	buy	$45.190	long
2020-10-19 11:35:14	PINS	buy	$45.190	long
2020-10-19 11:48:01	PINS	buy	$45.390	long
2020-10-19 12:03:40	PINS	buy	$45.390	long
2020-10-19 12:07:51	PINS	buy	$45.560	long
2020-10-19 12:35:55	PINS	sell	$45.640	long
2020-10-19 12:35:55	PINS	sell	$45.640	long
2020-10-19 12:36:54	PINS	sell	$45.740	long
2020-10-19 12:55:01	PINS	sell	$45.600	long
2020-10-19 12:59:34	PINS	sell	$45.740	long
2020-10-19 13:19:27	PINS	sell	$45.980	long
2020-10-19 13:23:07	PINS	sell	$46.200	long
2020-10-19 14:22:26	PINS	buy	$45.700	long
2020-10-19 14:26:39	PINS	buy	$45.687	long
2020-10-19 14:29:49	PINS	buy	$45.620	long
2020-10-19 14:30:43	PINS	sell	$45.490	long
2020-10-19 14:39:42	PINS	sell	$45.320	0
2020-10-19 14:47:32	PINS	buy	$45.150	long
2020-10-19 14:47:32	PINS	buy	$45.150	long
2020-10-19 14:48:25	PINS	buy	$45.170	long
2020-10-19 14:57:01	PINS	sell	$45.350	long
2020-10-19 14:57:02	PINS	sell	$45.350	long
2020-10-19 14:57:02	PINS	sell	$45.350	long
2020-10-19 15:09:59	PINS	buy	$45.190	long
2020-10-19 15:14:12	PINS	buy	$45.210	long
2020-10-19 15:17:05	PINS	sell	$45.280	long
2020-10-19 15:21:10	PINS	sell	$45.330	long
2020-10-19 15:32:35	PINS	sell	$45.360	long
2020-10-19 15:36:23	PINS	sell	$45.470	long
2020-10-19 15:45:05	PINS	sell	$45.630	long
2020-10-19 15:56:52	PINS	sell	$45.690	long
2020-10-19 15:57:06	PINS	sell	$45.770	long
2020-10-19 16:34:26	PINS	sell	$46.280	long
2020-10-20 07:15:07	PINS	sell	$46.510	long
2020-10-20 09:46:23	PINS	sell	$44.865	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PINS&trade=20460293&end=20201119&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PINS&trade=20460293&end=20201020160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PINS&trade=20460293&end=20201020104123&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

PINS Trade on Oct 19, 2020 11:25 from spyrosz: Tradervue User Stock Trades.

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