PTON Trade on Dec 8, 2020 10:40 from spyrosz: Tradervue User Stock Trades.

Nice tight daily chart, pressing against R1=major resistance level/inflection point=$117 the last week. Break and hold above R1 opens door to R2=$123 and post- earnings daily gap-fill.

Not interested in playing games below R1. Premarket plan was to get "long" only if it managed to clear and hold above R1=$117.

Opened weak, flushed to S1=$113, held and bounced hard to R1. Alert hit at R1=$117, and

I got long filler size as it was clearly extended at the time, just to have it on close watch and see how it would react with R1, risking wide stop LOD=$113. Wanting to add size for the 2nd leg to $118-119, only if it started holding above R1=$117 and not chop-shop.

Pullback to ascend. 9EMA@15min chart, held and rallied above R1 again, and I got long Tier 0, tightening stop for 50% below the higher low $116.4, and rest below VWAP $115.5s..

Little shake-out move to stop me from 50% of size, but once I saw that it reclaimed R1=$117 and held it a support, I was quick to readd the size I trimmed previously.

Nice 2nd leg to $118.5. I will hold the size as a swing, stop $116.5, target R2=post-earnings daily gap-fill=$123.

(-) Not happy with overall executions. I definitely didn't buy low here...

Stopped out. Papercut.
Thank god I didn't re-enter. What a bull trap when it reclaimed $117 and pushed above $118.