PYPL Trade on Feb 5, 2018 10:40 from alext341: Tradervue User Stock Trades.

First trade of the day was on PYPL much later in the day. Markets were trading very heavily on volatility after a heavy drop in SPY today. All eyes were on the overall market as the small-caps this morning showed very little interest by traders.

My mistake here was, again, trading outside of your strategy. The subsequent few trades were really short-biased because of what I had believed the overall market was doing to my trading. PYPL is considered to be a proxy name that trades in correlation with the SPY.

My thinking on this one was trading off a bottom bounce as the SPY tested its 200 ma's on the daily chart, so I went long PYPL for a scalp. However, the bottom bounce did not resolve as cleanly as I expected. After about 20 minutes into the trade, I stopped out of it as it started to go against me.

Closed this trade for $15.04 in losses, the only trade I took.