Vince
Long

PAYC Buy on Break

NYSE:PAYC   PAYCOM SOFTWARE INC
This stock is in consolidation, this pattern is a daily pattern triangle. It is building energy and will breakout...which way? I think it will go higher due to earnings/revenue momentum. This always depends on the market in general..but a break above the triangle or the 34.66 mark is a buy...I would look for volume and close above then enter with good risk management of stop below major low or apex area.. ensure risk is only about 3% of portfolio...options can be considered
NOTE: There are no options on this stock so stock only purchase
+1 Reply
2use Vince
How does this fact affect the stock trading while no options are there? And when options appear as well? Please share your experiences
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The stock moves regardless of options...options are a derivative based on the stock and its movement. There is no real effect. They can give you ideas on how the stock will move based on certain events....sentiment
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2use Vince
Well people cant buy options, and left with stocks. once options appear wont some stop buying the stock and buy options instead ? i.e. decrease the volume?
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Yes true but I don't think there is a way to determine what that means, honestly most people don't know how to trade, much less options so they will gamble...stock is better for most who don't do the work
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Often people use both stocks and options to hedge so volume will not drop
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2use Vince
Also a good point. Really? Experienced % vs Inexperienced % - what do you think the ratio is?
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90% of traders are inexperienced and gamble....in options even more so
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2use Vince
Im assuming the rest are brokers making money of the 90% :)
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No brokers make money either way the other side of the trade is making money usually sellers of options
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