PTON Trade on Nov 16, 2021 10:20 from Kinglyfestyle919: Tradervue User Stock Trades.

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Shared by
Kinglyfestyle919

 

PTON was in a daily, weekly, and monthly downtrend. Bears seemed exhausted yesterday and after a huge bull move up this morning I immediately started thinking that shorts may start being forced to cover which would lead to a gap fill.

Markets were generally sideways as daily bull flags shape up.
This instrument was in a breakout as it had just broken out of its downtrend line.
When I got in purple line on the 10 minute was playing D.

Pros:
1. Put the second half of the position on in a great spot.
2. Sold half of the position for a gain to drop your average.
3. Great trade idea! You picked something that had a lot of room to run.
4. Not going at it alone.

Grows:
1. LET THE WINNER RUN!!!
1A. You had locked in gains to increase your account by 3+ percent already. Risk reward was to the upside. You should have just set a stop on the trade at break even and walked away.


Execution detail:

Date/time Symbol Side Price Position
2021-11-16 10:20:42 19 NOV 21 51.5 CALL buy $0.8000 long
2021-11-16 10:27:19 19 NOV 21 51.5 CALL buy $0.6200 long
2021-11-16 10:32:12 19 NOV 21 51.5 CALL sell $0.7300 long
2021-11-16 10:36:51 19 NOV 21 51.5 CALL sell $1.020 long
2021-11-16 10:47:21 19 NOV 21 51.5 CALL sell $1.260 0


Comments

2021-11-17 18:51:00
 

NIce trade

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