PTON Trade on May 13, 2020 11:37 from tred0002: Tradervue User Stock Trades.

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tred0002

 

I figured PTON should hold pretty well even with market drop, due to Blue Sky yesterday. PTON held up well even on down days on SPY due to its appeal with increased lockdowns. Went pretty heavy quickly as PTON had been an ATM machine for me the past few months on dip buys. Sized up too quickly and pretty much just ran out of bullets. Put my stop in for my core position and sold at the bottom.... by the penny. The fact was my thesis was correct as PTON did bounce really well compared to the overall market, I was just caught off guard by the size of the pullback. Chart clearly showed a ton of support in the 42.40 are, very silly for me not just risk a little bit more and trade the chart and not my P&L. The trade was a perfect buy at my sell point. 44.05 should of been my exit due to an hourly gap fill, and could of looked to reload at 42.86 where there was more recent prince congestion


Execution detail:

Date/time Symbol Side Price Position
2020-05-13 11:37:00 PTON buy $44.730 long
2020-05-13 11:59:00 PTON buy $44.470 long
2020-05-13 12:02:00 PTON buy $44.190 long
2020-05-13 12:05:24 PTON buy $43.760 long
2020-05-13 12:10:20 PTON buy $43.415 long
2020-05-13 12:18:58 PTON sell $42.620 long
2020-05-13 12:21:00 PTON sell $42.390 0


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