PayPal Holdings, Inc.
Satış

PYPL: Paypal bottom picking loss

222
There is a 3 line strike (kind of) which is very bearish.
Previous candle patterns have shown that PYPL is already not doing so well.
But price was hitting a support level.
I thought at the overall NQ and SPY is behaving quite bullish.
And wanted to bottom pick for a quick profit.

I guess the news of pinterest acquisition is really too big to ignore.
One of the few times where I was squeezed out of a position so quickly.

What to do better
Guess I should have paid more attention to this idiosyncratic news a bit more.
Try not to bottom pick against a major bearish trend

Loss: 3.9%
Bought at 258 after opening
Stop Loss hit, cut at 247.91 within the session.

Feragatname

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