NFLX Trade on Apr 2, 2019 10:00 from shefmcoy: Tradervue User Stock Trades.

Ticker NFLX
ATR 9.69
Shares Foat 434m
Short Float 3.48%
RVOL .8

Big Picture
Spy has been at the highs, flirting with the 286 level throughout after-market and pre-market trading hours. Spy has been showing strength since Sundays after hours gap up through 282..suggesting confirmation of bullish significance. Qs are a bit over extended but poised for breakout of the 183 area. IWM is testing the downward trend line breakout at 154. Overall cautiously bullish to short term short as there is little in the way of significant catalyst to move market higher.

Intraday Findamentals
There was a good amount of hype in this sector earlier last week, i think something having to do with apple getting in this market and the perceived forward growth potential of sector as a whole. Today there was a price target set at 350 and a neutral rating issued by Rosenblatt.

Long Term Technicals
NFLX has been trading at the highs and setting a range between 350-379 on the 4hr time frame. I had the 360 lvl marked off as a possible inflection point which proved to be valid in yesterdays trading as the stock found support here and made a strong move up to 368 and closing at the highs.

Intraday Technicals
Stock began to slightly sell off during the pre-market session where it opened at 366.25. It immediatly sold off before retracing and rejecting off of the open price twice. We tried to base at 364 but this level turned into a point of resistance.

Reading the Tape
I was able to Identify large buyers at 364, and i watched and waited to see if this level could hold. But the amount of buyers quickly dissipated. I entered the position after the offer held below this level of 364. I hit the bid and covered as the price action and order-flow slowed. even though it was shy of my profit target which i had set at 361.50.

Managing the Trade
Did a good job of taking most of my profits off at the lows here. Also a decent jog reading the tape and the order-flow.

Trade Review
I could have gotten a better entry or set my stop a little tighter to provide a better risk reward. I did decent job managing the trade. the market had not yet shown its direction but it appeared that it could move lower at the time. so i took this trade with proper caution, but my risk management was not optimal

Grade
B- I didnt have enough of a game plan coming into this trade and i could have done a better job fighting for a good entry