NFLX Trade on May 28, 2014 11:22 from Markmandy54: Tradervue User Stock Trades.

Reversion short, should have stopped out as soon as got over 400 but added to loser, broke a major rule. Got lucky with tiny loss. Never again.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-05-28 11:22:09	NFLX	sell	$400.200	short
2014-05-28 11:32:56	NFLX	sell	$402.300	short
2014-05-28 11:36:23	NFLX	sell	$403.240	short
2014-05-28 14:47:23	NFLX	buy	$401.740	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=1028888&end=20140528144723&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=1028888&end=20140528160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=1028888&end=20140528160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=1028888&end=20140627&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Blake_BOWS

2014-05-30 18:29:58

Taking guesses at highs or lows are really really tough. I think that's what you had in mind - "It's gone so high so fast, it has to turn around at this resistance." Just remember that strong stocks can often go higher than you thought and weak stocks can go lower than you thought. Try instead, not caring if you miss the initial 10% of a move, wait for a high percentage setup, then take that

Markmandy54

2014-05-31 14:41:06

This was the worst trade rationalization i've done in a long time. Lucky i didn't blow up my account on this one. Never again!

NFLX Trade on May 28, 2014 11:22 from Markmandy54: Tradervue User Stock Trades.

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