PTON Trade on Dec 14, 2021 09:38 from spyrosz: Tradervue User Stock Trades.

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spyrosz

 

Got decimated after ER #s and switch to LPS vs EPS. Huge gap-down and continuation lower as funds ran to realize losses before year's end.

Approaching significant level of interest = the major break-out level from 2020=$37, with significant daily RSI divergence & being over-sold at weekly chart.

-- Got long filler size, risking stop 1xATR below support=$37, $34s. Hate my entry!! Instead of putting bids & alerts close to level of interest=$37 and let weakness work for me, I chased higher and paid at least +$2-2.5/share more!! Never chase weak stocks higher:/
-- expecting some kind of volatility and a bounce towards the 9SMA@weekly to work off the over-sold conditions before any serious attempt to move lower
-- Would like to add main tier, once it reclaims 1st pressure point $41.8 & 9SMA@daily, consolidates above for 2-3 days with buyers stepping up
-- 1st target 20SMA@daily, main target 9SMA@weekly

Sold small in-front of $41.8, now needs to spend some time above the pivot.

Gross action. Rolled over and made new lows. I gave it room to work up to original stop but just couldn't find a bid. Stop got hit, flat for 50% filler size loss.
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Execution detail:

Date/time Symbol Side Price Position
2021-12-14 09:38:39 PTON buy $40.145 long
2021-12-17 11:10:14 PTON sell $41.792 long
2021-12-29 09:30:49 PTON sell $34.770 0


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