Shared by
KevinL_BOWS
Market was heading down for most of the morning, and NFLX had cost me money on the long side so I was watching it already... As I noticed clear bear flags developing I decided to go short.
First Trade Target was 104.50ish and Risk was 106.25ish (near MAs)
Second Trade Target was initially $104.50 again but was hoping for a farther dip--but this was not a very good risk/reward, and also not the cleanest flag entry.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2015-08-26 10:07:07 | NFLX | sell | $105.990 | short |
| 2015-08-26 10:16:44 | NFLX | buy | $104.920 | short |
| 2015-08-26 10:35:38 | NFLX | buy | $106.090 | 0 |
| 2015-08-26 10:41:30 | NFLX | sell | $105.480 | short |
| 2015-08-26 10:48:42 | NFLX | buy | $104.640 | short |
| 2015-08-26 10:53:01 | NFLX | buy | $105.690 | 0 |
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