Shared by
spyrosz
50/50 daily chart. If it wanted to go higher, it should have protected $118 daily support level. Below $118, not much until 20SMA@daily=$113.
Opened weak and quickly lost S1=$118. Remained weak + below VWAP all morning.
Quick rally mid-session back to S1=$118 got rejected,
so once it pushed again, got short Tier 0, risking tight stop $118.2s, expecting the sell-off back to LOD=$116 at a minimum. Main target S2=20SMA@daily=$113.
Covered in-front of LOD, and then got flat as indeces started to rally. I could have been more patient here as it remained weak w/o being able to lift-off $116. It never actually managed to reclaim 9EMA@5min chart. Bad decision:/
Down to $114 post-market.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-04-16 12:51:13 | PTON | sell | $117.830 | short |
| 2021-04-16 13:05:53 | PTON | sell | $117.360 | short |
| 2021-04-16 13:41:05 | PTON | buy | $116.680 | short |
| 2021-04-16 14:02:32 | PTON | buy | $116.690 | short |
| 2021-04-16 14:30:25 | PTON | buy | $116.650 | 0 |
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