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
-Jun 15 2020: At home stocks / COVID stocks doing well on fears of second COVID wave
Technical Analysis
-SPY pattern: Runner
-Intraday pattern: Bull Flag
-Levels: 47, 49 - 49.5, 50.25, 51
Strategy / Confluence / Sizing Guide / Risk
Strategy: FT-15 long of 49.5 - 49 zone
Confluence: Whole $, VWAP
Strike Zone: 49.5 - 49
Sizing (lots): 4
Risk (stop / Rs): Hold below 49
Review / Lessons Learned
Tried this trade as an intraday swing because it was making new ATH's. Worked out well but I should have gotten to full size, only got to half.
Lessons Learned: GET TO FULL SIZE especially when inside SZ!
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2020-06-15 10:23:07 | PTON | buy | $49.250 | long |
| 2020-06-15 10:28:08 | PTON | buy | $49.270 | long |
| 2020-06-15 10:28:08 | PTON | buy | $49.270 | long |
| 2020-06-15 10:32:27 | PTON | sell | $49.530 | long |
| 2020-06-15 10:33:07 | PTON | sell | $49.670 | long |
| 2020-06-15 10:33:50 | PTON | sell | $49.720 | long |
| 2020-06-15 10:38:55 | PTON | sell | $49.830 | long |
| 2020-06-15 10:40:09 | PTON | sell | $49.730 | long |
| 2020-06-15 10:46:21 | PTON | sell | $50.000 | long |
| 2020-06-15 11:27:08 | PTON | sell | $49.890 | long |
| 2020-06-15 11:38:20 | PTON | sell | $50.640 | long |
| 2020-06-15 11:42:12 | PTON | sell | $50.913 | long |
| 2020-06-15 11:57:16 | PTON | buy | $50.270 | long |
| 2020-06-15 11:57:17 | PTON | buy | $50.270 | long |
| 2020-06-15 11:57:17 | PTON | buy | $50.270 | long |
| 2020-06-15 12:00:48 | PTON | sell | $50.510 | long |
| 2020-06-15 12:01:35 | PTON | sell | $50.530 | long |
| 2020-06-15 12:03:41 | PTON | sell | $50.730 | long |
| 2020-06-15 12:07:28 | PTON | sell | $50.720 | long |
| 2020-06-15 12:20:31 | PTON | sell | $50.830 | long |
| 2020-06-15 12:28:14 | PTON | sell | $50.640 | 0 |
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