Shared by
beno
Fundamentals
N/a
Catalysts / News / Painting the picture
-Stay-at-home stock that's strong relative to market
-April 24 2020: Peloton Attracts a Record 23,000 People to Single Workout Class / breaks record
Technical Analysis
-SPY pattern: Fade
-Intraday pattern:Runner
-Levels: 35, 37.3, 38, 39
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 38.1 by 38 level
Confluence: Whole $
Sizing (lots): 3
Risk (stop / Rs): 37.99 (break below 38)
Review / Lessons Learned
OGT but had to scratch my lot as stock was having a hard time bouncing - the second test was way better to take in this case so I started tracking second tests now.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-06 14:00:11 | PTON | buy | $38.280 | long |
| 2020-05-06 14:00:11 | PTON | buy | $38.280 | long |
| 2020-05-06 14:00:20 | PTON | buy | $38.360 | long |
| 2020-05-06 14:02:19 | PTON | buy | $38.200 | long |
| 2020-05-06 14:02:19 | PTON | buy | $38.200 | long |
| 2020-05-06 14:02:19 | PTON | buy | $38.200 | long |
| 2020-05-06 14:02:19 | PTON | buy | $38.200 | long |
| 2020-05-06 14:03:45 | PTON | sell | $38.400 | long |
| 2020-05-06 14:05:00 | PTON | sell | $38.405 | long |
| 2020-05-06 14:07:07 | PTON | sell | $38.260 | 0 |
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