PYPL Trade on Jan 14, 2022 10:41 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Main focus of the day.

Almost 2 months of sideways action in-front of $179 support, 9SMA@weekly playing catch-up and holding it down. Looked ready for the break-down and move lower.

Premarket plan was to get "short" only if it managed to break and hold below $179 support, expecting momo sell-off to $172 (ATR=7.5, so $172 on deck).

Traded plan. Avoided 1st-hr chop, and when it broke $179 on increasing volume,

Got short filler size at the retracement to $179, added Tier 0 after 1st brutal rejection of the level, and pushed short with momo tier once it tried to clear lows, risking above VWAP for core and above support pivot=$179 for the momo add.

Had to take out the momo add once it reversed, reclaimed $179 and pushed to VWAP.
Held core respecting original stop above VWAP. Got lucky, stop never triggered, PYPL rolled-over back below $179.

Re-added momo tier, stop for whole size the lower high at VWAP $179.6s

Got the 1st half of the expected move, covered 1/3 in-front of $176, held remaining 2/3 with same stop, wanting to see a) $172 or b) weak close, and I would swing it overnight.

Neither happened so I covered at the close.

image


Execution detail:

Date/time Symbol Side Price Position
2022-01-14 10:41:10 PYPL sell $178.890 short
2022-01-14 10:41:10 PYPL sell $178.890 short
2022-01-14 10:59:16 PYPL sell $178.600 short
2022-01-14 11:03:17 PYPL sell $178.140 short
2022-01-14 11:40:00 PYPL buy $179.140 short
2022-01-14 12:00:16 PYPL sell $178.300 short
2022-01-14 13:04:39 PYPL buy $176.280 short
2022-01-14 16:00:13 PYPL buy $178.460 0


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