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.
Published by bigfry
Hi, I’m Nathan. I graduated from Boston University in 2020. I majored in Finance and minored in Piano Performance. I’ve always found the financial markets fascinating so I decided to start this blog to share my experiences with you. Outside of stock trading/investing, I enjoy teaching and playing piano, teaching and playing Go, fishing, watching anime, and playing poker (NL Texas Hold 'em). View all posts by bigfry