PTON Trade on May 11, 2022 09:20 from surfnoby: Tradervue User Stock Trades.

****PLAN
Max loss for day $125
trade max loss $100 (but didnt get full size)
no trades past 7:45, if havent made money after 4th trade then leave

****REASON TO SELL
-SPY an QQQ were REVERSING very weak trapping longs
- 200 sma an 50 sma
-consolidating under vwap w/ low volume
-13 over under
rejection off vwap
-weak volume
-multi strayegies lining up
- brk of ascending triangle retest an fail

****REASON TO COVER
-look to sell on clear weakness of the tape, if a certain price gets heavy an slows down, an buy picks up on bid an tape
-3:1 ratio profit targets
- turn of QQQ or SPY
- bullish REVERSAL PATTERN or candle stick pattern or brk an hold above key levl or area that shows the stock will reverse
- rejction into demand zone/ strcuture or key levl
-weak volume sellers stepping up
- clear 3:1 risk ratio
- brk above adjusted stop
- brk above levl which i am wrong
- or clear reversal of 13 erma
- rejection of whole #/ strength around whole #
-reclaims an holds above vwap an VOC

****THINGS I COULD HAVE DONE BETTER
-added size on weak tape on open (i did add but forsome reason didnt get filled)