NFLX Trade on Jan 27, 2021 09:41 from spyrosz: Tradervue User Stock Trades.

Slow bleed after earnings report on 01/20, today it was gapping lower premarket and about to open below Day I (earning's day) LOD=$557. Thought I would give it a try for a reversal close to $540.

Premarket plan was to get long at the morning flush to S1=$540, risking tight stop $338-338.5s, expecting to hold the level and bounce back towards R1=$557.

Opened weak, rejected R1=$557 and flushed right into bid at S1=$540.

Got long Tier 0, risking tight stop $338, added another tier after the Double Bottom at S1 and quick push to VWAP, added two momo tiers as it tried to hold VWAP and push higher, risking the higher low $544 for the adds, expecting hard bounce from here back to R1.

Tape remained weak. But when market bounced and this thing could lift from VWAP, I started playing defence. Sold the 3-adds b/e, held core with stop just below S1=$540.

Got stopped out for a tiny loss.

(+) I like how I traded it and my executions. Each add had a reason. I do like even more how I identified the weak tape and got out to save some risk.