Shared by
bruceweng
holding the 9 orderly pullback. Doubled up when the 9 curled up.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-04-20 10:15:10 | NFLX | buy | $95.940 | long |
| 2016-04-20 10:15:21 | NFLX | buy | $95.960 | long |
| 2016-04-20 10:21:28 | NFLX | buy | $96.050 | long |
| 2016-04-20 10:26:31 | NFLX | sell | $95.850 | 0 |
Comments
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Daily had a big down day on earnings previous day, but did run right into support around 94.30.. So, I can see why you might be looking for a bounce day. But to me, if you are, you have to be entering at that 94.30ish level and selling into resistance, not waiting on the pullback. Remember, this stock is a bear flag on the weekly chart and a bear flag on the daily chart, and just had a big down day due to a fundamental catalyst so, I'm thinking you have to be watching for a short opportunity. You could have made good money on that support bounce, but to me, the higher probability trade was stick with the trend bias hit the short at resistance http://screencast.com/t/FKKAwtBcV