NFLX Trade on Feb 13, 2020 10:25 from TheDumo27: Tradervue User Stock Trades.

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TheDumo27

 

I had NFLX on watch for the break of $380. It continued to climb at the open from $377 with growing volume. /ES was pushing as well. I missed a few entries on the way up as i just hesitated and didnt see it clean on tape. NFLX tapped $385 then began to pull back. /ES was chopping around at this time with NFLX pulling back to $383.50 which was an earlier intraday resistance area. I saw strength holding it up on the tape so i entered with 1 contract looking for a possible push back to $385. I wasnt expecting too quick of move with /ES chopping and it being later in the morning with volume slowing down. I quickly got the move above $384 to just under $384.50. This exit point would have been a good scalp exit but i held it for it to retest $384 where it supported nicely. It chopped for the next few minutes between $384.50 and $384. Based off the tape there was good support at $384 but due to it being so choppy overall in the market i exited on the next push to $384.50. Locked an 11% gain for a 9 minute hold time.

Entry: A As far as intraday levels and entries go this was a perfectly timed entry and never went into the red.

Exit: B I got a dollar move pretty quickly and could have locked sooner with /ES being so choppy but with the support from the tape i felt comfortable holding looking for $385 test again. As everything continued to chop i didnt want to risk giving back gains and locked in.

Emotions: A I was very patient all morning waiting for an entry. Felt myself wanting to enter to not miss the continued move but i didnt react quick enough on a few of the entries then didnt want to chase. As it never tested my entry i felt ok in the chop but with it rejecting $384.50 a couple times i decided to not be greedy and lock the gains. 10%+ in 9 minutes is a good return. I am very happy with the trade overall and myself recognizing the previous emotions i struggled with as they are presenting themselves and now acting to correct them as i feel them happening.


Execution detail:

Date/time Symbol Side Price Position
2020-02-13 10:25:32 FEB14 20 385 CALL buy $2.920 long
2020-02-13 10:34:22 FEB14 20 385 CALL sell $3.250 0


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