Shared by
spyrosz
Yesterday lost and closed below the bottom boundary of the major long-term uptrend for the 1st time since earnings day.
Tried to remount the uptrend in the open, but failed and rolled over. Backtested and rejected the bottom boundary twice (-) which could+should have been a valid short entry vs tight stop $506s, IF I PAID PROPER ATTENTION.
Broke below S1=major daily support level=Day II + III (after Day I=earnings day) LOD=$500.5,
and I got short at the retracement to S1, risking above flatline consolidation $502, expecting the momo sell-off to S2=$494-495 zone.
Despite low RVOL<1.0, getting market alignment provided confidence to hold and covered into target.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2021-05-05 14:49:10 | NFLX | sell | $500.480 | short |
| 2021-05-05 14:58:42 | NFLX | sell | $500.070 | short |
| 2021-05-05 15:22:53 | NFLX | buy | $497.600 | short |
| 2021-05-05 15:28:57 | NFLX | buy | $496.120 | short |
| 2021-05-05 15:45:10 | NFLX | buy | $496.670 | short |
| 2021-05-05 15:45:10 | NFLX | buy | $496.670 | short |
| 2021-05-05 15:50:46 | NFLX | buy | $495.110 | short |
| 2021-05-05 16:00:09 | NFLX | buy | $496.210 | 0 |
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