NFLX Trade on Nov 15, 2019 11:22 from kerobo0000: Tradervue User Stock Trades.

Gravatar

Shared by
kerobo0000

 

Daily Report Card: C
-morning prep: D
-market prep: B
-stock prep: A
-level of focus: B

Rationale:
-NFLX earnings beat expectations but revenue missed estimates
-missed on domestic subscriber growth but beat international subscriber growth
-overall positive, but some mixed results and also forecasting lower guidance than street expects
-NFLX surged to A/H high of 318.79 after the earnings came out, but closed much lower (293.35) on day 1
-on 11/13, NFLX traded lower on 2+ RVOL, Disney+ debuted this day and the company reported midday that they had 10M+ subscribers and the stock close to a record high

Trade Strategy:
-set alert to put eyes on NFLX when price got above 293; plan is to get long when price gets above the 291.87-293.80 price channel

How much risk should/did I take?
-$770; 6.2% of NLV

Recap / Trade Management:
-alert put my eyes on this when it broke 293, while I kept the chart up I didn't enter another alert to see when it broke 293.80 at 10:22 in order to catch it and enter long on the retest of 293.80
-micro picture - the first retest is the proper and profitable entry; I entered on the second retest at 11:22/11:23, but still before price got down to 293.80, causing me to scratch out of the trade
-bigger picture:
:: the more important level for price to get above is the 298.63-300.25 price channel
:: above 300, it is clear of the longer-term daily level at 298.71 and the high volume price channel from day 1
:: on the daily chart price is also making an ascending triangle pattern; although it is occurring out of a longer-term downtrend, which may not be as clean of a bullish signal

image

image

image

image

image

image

image

image

What did I do well?
-kept position size small, as there was no reason to scale up & entry also wasn't ideal

How could I have traded this better?
-catch the entry on the first retest
-pass on entering a long position until price is above price channel in ~300 area

What did the tape look like during the most important moments intraday?
-no clear direction on the tape

Where could I have been responsibly bigger?
-NA

Gain/loss relative to expected gain/loss:
- -$51.79; -6.5%; small loss


Execution detail:

Date/time Symbol Side Price Position
2019-11-15 11:22:08 NOV22 19 297.5 CALL buy $3.850 long
2019-11-15 11:23:03 NOV22 19 297.5 CALL sell $3.600 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in