NFLX Trade on Oct 17, 2019 09:43 from Marius_: Tradervue User Stock Trades.

SPY was approaching 300 with market tailwind of Brexit deals. NFLX had notable movement after hours. They missed but showed subscriber growth compared to the last earnings. The stock has moved notably off the low's. Bias was short here and more apparent at the open.

RVOL - 2.17
ATR - 9.02
Avg Vol - 8.62M
Short Float - 5.14%

Trade Overview

So the stock beat lowered expectations however has bounced notably off the low's. I noted the premarket levels and prior history levels. I had just closed out a CRON short (first short in career) and was on to this new move (second short). Price got above vwap but was rejected. It stayed below vwap and I shorted into the bounce back into vwap. Risk was a move back into vwap and into the 305 level. The short held and I adjusted my stop as it developed. I was looking for a reason to exit as this was a move to hold. I saw the capitulation on the 1 minute into the 292 area. I didn't cover here and wanted it to test 295. It did and that is where a bounce moved to and my short was covered.

Since this is my second trade of the day (2/2). I was looking for another possible trade. I'll be taking time to review my trades as I'm still trying to build more consistency currently. I'm thinking about re sizing up my trades after recent losses but for now I'm thinking of taking smaller positions in the A.M. session to warm up through the day. This is tentative as I'm ok with the smaller positions now but have to consider sizing up and taking on more risk with solid set-ups and to grow as a trader. No rush here but just keeping in mind.