PYPL Trade on Oct 21, 2020 12:27 from beno: Tradervue User Stock Trades.

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beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-May 06 2020: Earnings - EPS miss 66c vs 77c, Rev miss
-Oct 21 2020: PayPal to open up network to cryptocurrencies

Technical Analysis

-SPY pattern: Consolidation
-Intraday pattern: Runner
-Other notes: N/a

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test long of 212 level
Confluence: Whole $
Strike Zone: 212.5 - 211.5
Sizing (lots + emergency): 100
Risk (stop / Rs): Hold below 211.5

Review / Lessons Learned

Worthy trade but couple of things made so the trade didn't work (IMO):
1. The time spent above the level wasn't enough, it needed more time to consolidate above 212 before testing it (trade set up later in day with more consolidation time above and the trade work flawlessly)
2. SPY had just failed a high volume break-out (market weakness)

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-10-21 12:27:18	PYPL	buy	$212.130	long
2020-10-21 12:27:18	PYPL	buy	$212.130	long
2020-10-21 12:33:13	PYPL	buy	$211.700	long
2020-10-21 12:40:49	PYPL	sell	$211.750	long
2020-10-21 12:40:55	PYPL	sell	$212.110	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PYPL&trade=20529006&end=20201021130655&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PYPL&trade=20529006&end=20201021140755&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PYPL&trade=20529006&end=20201021160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PYPL&trade=20529006&end=20201120&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Lodbrok

2020-10-25 04:54:40

Love the detailed review!