Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Stay-at-home stock that's strong relative to market
Technical Analysis
-Intraday pattern: Runner
-Levels: 26, 26.50, 27, 27.80-28, 28.50, 29
Original Plan / Strategy
FT-15 long of 28.50 level with half dollar confluence
Review
This fucking trade...ugh. Took forever to play out and I was losing patience. I saw the tape try to move into the 28.40's many times and it was enough to get me to stop out twice, the move finally happened when I stopped out the second time.
I did notice (after I stopped out the second time) that the bids were falling into the mid 28.40's but nobody was hitting them, so buyers were trying to bait sellers into selling lower, nobody was actually printing in the 28.40's even though thats where the bids were at...
Lessons Learned: When a level is holding and you might stop out, look at the prints more than the level 2! (people might try to bait others to get good prices before the bounce)
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-04-01 15:12:25 | PTON | buy | $28.720 | long |
| 2020-04-01 15:12:34 | PTON | buy | $28.670 | long |
| 2020-04-01 15:12:37 | PTON | buy | $28.600 | long |
| 2020-04-01 15:18:57 | PTON | sell | $28.570 | long |
| 2020-04-01 15:18:59 | PTON | sell | $28.540 | 0 |
| 2020-04-01 15:21:08 | PTON | buy | $28.560 | long |
| 2020-04-01 15:21:42 | PTON | buy | $28.580 | long |
| 2020-04-01 15:23:05 | PTON | buy | $28.530 | long |
| 2020-04-01 15:28:32 | PTON | sell | $28.500 | 0 |
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