Shared by
JamesDover_BOWS
NFLX had good earnings, but growth in Europe wasn't optimistic. So the stock tanked and then eventually formed a bear flag on the daily. I have no idea why I longed this intraday flag at first... But I was stopped out for a small loss. Trend is your friend!
Then as it cracked the EMA's I saw a short opportunity with a good way to measure risk. I scaled out to cover my risk, and then the rest & the lotto at key support levels from the previous days'.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2016-04-21 09:31:52 | NFLX | sell | $96.630 | short |
| 2016-04-21 09:32:34 | NFLX | buy | $96.920 | 0 |
| 2016-04-21 09:39:04 | NFLX | sell | $96.420 | short |
| 2016-04-21 09:44:40 | NFLX | buy | $95.850 | short |
| 2016-04-21 09:45:52 | NFLX | buy | $95.570 | short |
| 2016-04-21 10:10:56 | NFLX | buy | $95.360 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!