N/a
-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
-SPY pattern: Fade
-Intraday pattern: Mountain
-Levels: 45, 46, 47.5
Strategy: First Test long of 47.20 level
Confluence: N/a
Strike Zone: 47.26 - 47
Sizing (lots): 1
Risk (stop / Rs): 46.99
Scratched it because SPY was running into hard resistance, it was the correct call as PTON didn't bounce.
Lessons Learned: Always check SPY before and during a trade!!!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-05-12 14:03:30 | PTON | buy | $47.260 | long |
2020-05-12 14:07:03 | PTON | sell | $47.330 | 0 |
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