Shared by
240trader1
gapped up on earnings. boke pm highs started making higher lows on the pull got in small size. the selling wicks on the 1 min did make me a little nervous. then a push thru 84.50 on some volume . I saw this on the tape so I put some size on and covered at 85. hindsite I should have let some run. called it a day. didnt want to put anymore risk on considering Fridays are usually red for me. was a little bummed I didnt strike the backside of this move but oh well
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-10-19 09:39:19 | PYPL | buy | $84.440 | long |
| 2018-10-19 09:41:00 | PYPL | buy | $84.530 | long |
| 2018-10-19 09:41:00 | PYPL | buy | $84.530 | long |
| 2018-10-19 09:41:28 | PYPL | sell | $85.000 | 0 |
Comments
240trader1
im not sure how this stock will trade in the future but ican tell you my thought process on this trade. it had high relative volume with a good catalyst. it started making higher lows on the 1 min with a nice consolidation on support. which was my stop, so I had a nice risk/reward and i figured it would want to test highs again
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I usually get burned on PYPL long breakouts... I purposely did not put this trade on, and again I missed out. Would probably not take it even if the opportunity presented itself again... I have just been burned too many times on this particular type of play. I would be very interested to hear your thoughts on long term expectancy for trades on this stock.