PTON Trade on Feb 24, 2020 11:38 from beno: Tradervue User Stock Trades.

Shared by
beno

Fundamentals

N/a

Catalysts / News / Painting the picture

-Peloton Shares to Be Freed Early, Conjuring Tech Lock-Up Deja Vu Bloomberg
-Flywheel to stop online classes and offer trade-in for Peloton bikes after settling lawsuit

Technical Analysis

-Gapped down and open at support level on daily chart (25)
-Really good RVOL today, believe shorts from high 20s are covering

Original Plan / Strategy

First Test 15m (FT-15) short of 27 level

Review

Still not used to new FT-15 setup so was scaling in with small size (50 share lots). I failed to add on the long trap above 27.
Was doing a good job at recycling shares (generated cash around my core at 26.77. I ignored my 27.08 market structure stop and stopped out below 27 and missed the move I was looking for!

Lessons Learned: STICK TO YOUR PRE-DEFINED MARKET STRUCTURE STOPS!

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-02-24 11:38:08	PTON	sell	$26.990	short
2020-02-24 11:42:45	PTON	sell	$26.960	short
2020-02-24 11:44:54	PTON	buy	$26.770	short
2020-02-24 11:58:13	PTON	sell	$26.970	short
2020-02-24 12:01:04	PTON	buy	$26.970	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PTON&trade=13061874&end=20200224122304&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PTON&trade=13061874&end=20200224132204&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PTON&trade=13061874&end=20200224160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PTON&trade=13061874&end=20200325&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}