NFLX Trade on Aug 20, 2019 09:37 from kerobo0000: Tradervue User Stock Trades.

Daily Report Card:
-stock/market morning prep: 10/10
-distractions/distracted: 0/10

Rationale:
-NFLX gapping down -1.25%; no news catalyst
-50% of gap ups close above the open

How much risk should/did I take? $1564; approx 11% of NLV at the time, appropriate level of risk

Recap:
-NFLX broke to the bottom of PM range on the open and continued lower, not a bullish signal
-NFLX opened under $305 intraday level and never retested the level, not a bullish signal
-50/50 chance on whether NFLX closes below or above the open, no statistical edge
-market was weak on the open, NFLX also in a downtrend

How could I have traded this better?
-pass on the trade
-added market and stock big picture analysis to trade entry checklist; to make sure my intraday bias is supported by the long term charts

Gain/loss relative to expected gain/loss:
-loss bigger than expected; moved stop hoping price would turn around
-no longer can move stops, if my bias is right, stop wont be triggered