I decided to short PTON because of its’ recent weakness compared to the indexes. It also had an impulsive breakdown and is now retesting ~100, the breakdown location. It offers a decent risk/reward entry here, so I went short. I expect to hold the trade for 1 week to 1 month before it hits my stop loss or profit exit.
5/25/2021 Shorted PTON at 100.55, stop loss: 108, profit exit: 82.
Published by bigfry
Hi, I’m Nathan. I majored in Finance and minored in Piano Performance at Boston University (graduated in 2020). Outside of trading/investing, I enjoy programming, teaching and playing piano, teaching and playing Go, fishing, and watching anime. I also started my own Boba company while at BU. I'm currently teaching Go full time, which has been the best job I could ever hope for. I'm also currently attending the App Academy bootcamp which started in January 2023. View all posts by bigfry