NFLX Trade on Mar 11, 2020 13:47 from tradelikelarry: Tradervue User Stock Trades.

Trade Planning:
- Daily Chart: Uptrend, Consolidation below recent Highs.
- TTM Squeeze: Daily
- Earnings Date: 4/21-

Reason For Entry:
- Playing daily chart. NFLX is in a pattern of consolidation below recent highs. NFLX is holding support given the choppy market. Price pulled back to the lower bb (buy zone) and I entered the PCS trade. Risking a little over 1% of portfolio. Betting that NFLX expires above 355 by 200320.

Reason For Exit:
- As the market gapped up today, NFLX faded throughout the day into the closing hour. I closed the trade for over a 50% loss (< 1% of portfolio) as NFLX fired short for the second day and the trend is broken.

Recap:
- Nice entry as NFLX found support for 3rd day. Market sold off with Coronavirus news and NFLX gapped down over 25points. Closed trade as TTM fired short and confirmed broken trend. Closed trade for a little over 50% loss. NOTE: that I am able to take this trade as a PCS play given the "sloppy setup". The PCS plays are forgiving and with limited risk. I would not have taken this trade for a straight Call swing trade.