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: Runner
-Intraday pattern: Runner
-Levels: 45, 47, 48, 49.5
Strategy / Confluence / Sizing Guide / Risk
Strategy: First test long of 47
Confluence: Whole $
Strike Zone: 47.1 - 46.8
Sizing (lots): 3
Risk (stop / Rs): Hold below 46.80
Review / Lessons Learned
Took a very small starter to get a feel, starter was too small in hindsight, didn't give enough meaning to the price action, SPY was continuing its down trend so I took it off as precaution.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-05-15 10:52:15 | PTON | buy | $47.200 | long |
| 2020-05-15 10:55:09 | PTON | buy | $47.130 | long |
| 2020-05-15 10:55:23 | PTON | buy | $47.140 | long |
| 2020-05-15 10:58:31 | PTON | sell | $47.330 | long |
| 2020-05-15 11:00:17 | PTON | sell | $47.200 | 0 |
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