Shared by
BDaniel_BOWS
-Reap: Idea was a confirmation entry on a bear flag, but was a similar mistake as first entry - stalking key price without bigger picture in mind. Market had just put in new low of the day, but was in a bounce zone - can't be shorting this high-beta name unless there's more confirmation of a key SPY-level break.
(Was risking $1 off previous high and chart had room to go to $85.)
-Pros: Recognized made big picture error and got out.
-Improve: When market it as a key level, be okay with letting it find a trend (snapping or bouncing here) first.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-02-24 10:31:54 | NFLX | sell | $86.820 | short |
| 2016-02-24 10:33:59 | NFLX | buy | $87.050 | 0 |
Comments
BDaniel_BOWS
Yeah, I've been using confirmation entries, but these weren't even great intraday patterns. Thanks.
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still too low.. don't short low.. always hit on pops and in anticipation