PTON Trade on May 7, 2020 10:14 from beno: Tradervue User Stock Trades.

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: Consolidation
-Intraday pattern: Consolidation
-Levels: 41, 42, 43, 44.25, 45.25

Strategy / Confluence / Sizing Guide / Risk

Strategy: First test short of 43 level
Confluence: Whole $
Sizing (lots): 2
Risk (stop / Rs): Hold above 43

Review / Lessons Learned

I was trying to scale slowly but it got bought up so fast, ended up scratching the trade, was the right call.

Execution detail:

Date/time	Symbol	Side	Price	Position
2020-05-07 10:14:40	PTON	sell	$42.640	short
2020-05-07 10:14:58	PTON	sell	$42.650	short
2020-05-07 10:14:58	PTON	sell	$42.650	short
2020-05-07 10:15:39	PTON	buy	$42.280	short
2020-05-07 10:15:42	PTON	buy	$42.210	short
2020-05-07 10:15:44	PTON	buy	$42.140	short
2020-05-07 10:18:14	PTON	buy	$42.720	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=PTON&trade=14501761&end=20200507104714&i=m1&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=PTON&trade=14501761&end=20200507114514&i=m3&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=PTON&trade=14501761&end=20200507160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=PTON&trade=14501761&end=20200606&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}