I lost $100 on PTON but this was the worst trade today for a number of reasons
It was my number 1 pick, on some news and I know it can pump when it wants to
so im only looking for longs
I was a bit too keen to get in and TBF i probably should have waited a few more minutes before i added to it but i just didn't want to miss a pump
as id missed a few this week
I did take it off and re-add for the BO
and then i closed it all out cos i didn't like the PA
this was actually decent trading, I'm probable down $100 but it could have been way worse
Then I tried again at 9.41 for the BO
but I'm stopped out, when I should have been adding to the position on the pullback
I made a mess of that
then the next 2 trades are for 50 shares when I started with 100 and 100
Then I move my stop too close cos the SPY is weak
BUT this was clearly a mistake
I should have realized it had relevant strength and was at the 113 area id marked out PM
SUMMARY
It pretty annoying looking at a stock do exactly what you though it would do
and only made $80 on it
There's a lot to learn from this!!
IF I JUST WATIED FOR THE PROPER BO at 113 I could have made things way easier for myself
or if i started off with a smaller position
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2020-09-25 09:30:40 | NVAX | buy | $106.810 | long |
2020-09-25 09:31:01 | NVAX | buy | $106.880 | long |
2020-09-25 09:35:12 | NVAX | sell | $107.380 | long |
2020-09-25 09:35:40 | NVAX | buy | $107.920 | long |
2020-09-25 09:36:47 | NVAX | sell | $107.200 | long |
2020-09-25 09:36:50 | NVAX | sell | $107.110 | 0 |
2020-09-25 09:41:13 | NVAX | buy | $108.700 | long |
2020-09-25 09:45:38 | NVAX | sell | $106.720 | 0 |
2020-09-25 09:51:56 | NVAX | buy | $108.790 | long |
2020-09-25 09:52:32 | NVAX | buy | $109.360 | long |
2020-09-25 09:58:37 | NVAX | sell | $111.840 | long |
2020-09-25 10:12:53 | NVAX | sell | $112.040 | 0 |
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