PTON Trade on May 14, 2021 09:46 from WuManChu: Tradervue User Stock Trades.

Idea, Entry, and Risk:

*Idea: Push into P/M highs and fails off of rally, scale up along the way into blowoff > fade.
*Entry: Starter size near VWAP test, scale up as trade allowed.
*Risk: 1:3 (Highs vs 91.40s key)

Catalyst and News:

Continued action from parts issue PR.

Fundamentals:

n/a

Technicals:

Down massively from the open, expected to be able to gain some on pops downwards. Bounce from 93 (three points of contact over 1min chart) into push upwards.

Summation:

Took tiny starter just under VWAP to get entry, and planned to scale up on pops. The pops into R/G and fails back to VWAP were several reds, felt like the place to scale, especially at previous day's lowest peak with fails.

Squeezed further up and hit right at stop out point.

Takeaways:

Bad news loses to price action. Pay the closest attention you can to tape like this. There is much to learn.