PYPL Trade on Nov 9, 2021 09:38 from JRockTrades: Tradervue User Stock Trades.

PYPL had unimpressive earnings and guided lower, which is a total disaster. My bias was definitely short as names in similar situations have sold for 1-2 days after earnings. I scaled into a VWAP retracement with the idea that it could go to 200 today. I'm pretty sure my stop was at 210.55, but it may have been just over 211. That's a fair bit of risk if I had stopped out, but with the reward I got it makes sense.

Price quickly started dropping and I was determined to keep size on until it made it close to my target. There were no retracements and only very short consolidations as it dropped. It went pretty much straight towards 200 and I very conservatively started scaling out pretty far into the move. Definitely the experience I've been building gave me an idea of how far this could run and the type of trade I wanted to take. I've often found these trades and was flat $1-2 into the move. Price got very close to my target and I got flat when it broke it's downtrend. One really good trade.