5/25/2021 Shorted PTON at 100.55, stop loss: 108, profit exit: 82.

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.

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