11Mês·

A new swing with an old acquaintance 💰

$PAYC (+1,03%) I said goodbye to Paycom just a few days ago on October 23. Did not make it through the resistance at the 1st VWAP band. Had to leave to be shifted into other stocks. But the stock is already interesting again for a swing.

I just got in at 186$ (160,70€) with a limit buy order / 30 shares. Not entirely risk-free, but let's see what happens 🧐

#trading

30.10

Paycom Software

Comprado x30 em US$ 186,00

US$ 5.580,00

3 Comentários

Simon_n@Simon_n

11Mês

Do you wait for a confirmation or at least a reaction to the level for such reversal trades or do you just go straight in?

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TomTurboInvest@TomTurboInvest

11Mês

@Simon_n Normally it is advisable to wait for a confirmation, going in immediately on the day after such a long red candle is always risky.
I have been trading Paycom for a few years now, and the riskapetite was big enough yesterday to enter with a small position and trust in the zone around the VWAP deviation band.
However, the position is tightly hedged. Depending on how we go out of trading today, I will tighten the SL to the entry level.

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Simon_n@Simon_n

11Mês

@TomTurboInvest Thank you, yes I don't have good experiences with placing trades after such a long candle either. That's why I don't really do anything anymore without confirmation.
But with a close SL you can certainly do that sometimes, you've been more successful than me in terms of trading so far 😬 still to come...

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