Shared by
WesleyR_BOWS
SIM DAY #20
Shares traded: 2,600
Closed P&L: $2,144.00
Had an awesome play on $NFLX today. I was unsure of where the stock was going to go at first today, but then found a short play to finally get in. After initially getting in to the short side, and understanding what price pattern was showing me, I was confident that it was only a matter of time until the price finally broke support and flushed. For this reason, I looked to add to my position size on a pullback near the EMAs. Allowed for the stock to flush to a support level from the previous day. Scaled out of half my shares and took profits. Wanted to wait for the price to drop more since it still had room, but had to get out due to lack of time. Had to get back to the day job. Really good feeling today though on this one.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-02 10:01:16 | NFLX | sell | $94.920 | short |
| 2016-02-02 10:21:48 | NFLX | sell | $94.930 | short |
| 2016-02-02 10:51:16 | NFLX | buy | $93.320 | short |
| 2016-02-02 10:53:42 | NFLX | buy | $93.220 | 0 |
Comments
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This was like a perfect setup. I saw it after the market closed. But that flat bottom with the g/r right under was perfect. Very nice trade man!