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
-May 12 2020: Citron out with tweet that says PTON is overvalued
Technical Analysis
-SPY pattern: Fade
-Intraday pattern: Mountain
-Levels: 45, 46, 47.5
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 46
Confluence: Whole $
Strike Zone: 46.1 - 45.6
Sizing (lots): 2
Risk (stop / Rs): 45.49 or hold below 46
Review / Lessons Learned
Did a good job at adding an emergency lot after it dumped further in order to scratch the trade.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-12 10:41:49 | PTON | buy | $46.090 | long |
| 2020-05-12 10:41:51 | PTON | buy | $46.180 | long |
| 2020-05-12 10:41:54 | PTON | buy | $46.070 | long |
| 2020-05-12 10:41:54 | PTON | buy | $46.070 | long |
| 2020-05-12 10:42:04 | PTON | buy | $45.620 | long |
| 2020-05-12 10:43:06 | PTON | sell | $45.950 | long |
| 2020-05-12 10:43:08 | PTON | sell | $46.020 | long |
| 2020-05-12 10:43:14 | PTON | sell | $46.080 | long |
| 2020-05-12 10:43:37 | PTON | sell | $46.040 | 0 |
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