NFLX Trade on Jun 12, 2013 12:07 from J2WS: Tradervue User Stock Trades.

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J2WS

 

http://www.youtube.com/watch?v=1EOIl-9AKMc

  • Did I follow my risk guidelines?

I thought my risk was within reason for this trade. I liked it below 210 and I see 204 as the next possible level so the risk vs. reward was definitely there.

  • Did I correctly use a feeler?

I thought I did. I was able to get in at a much better price when I shorted at the MA's instead of waiting for an entry bar. I was able to use the entry bar as a way to get more size. Had it broken below the initial wedge, I would have added even more size but it wasn't quite ready yet. But using that Feeler allowed me to get in at a better average price.

  • Was I in the correct amount of size?

I think it was a decent size. The risk for my 3rd trade (since my 2nd was an accident) was actually quite large because my real stop was above 212. Maybe I did have too much size on there because if I was wrong I would probably be at double my daily stop loss. I probably should have did 100 there and then added 300 on the break instead of going 200/200.

  • How many times did I chase the trade?

I didn't chase it but I stuck with it after I was stopped out. I probably should have spent more time analyzing it across different time frames but my screen was not set up properly for me to see it. But that's not an excuse, I should have been a bit more prepared.


Execution detail:

Date/time Symbol Side Price Position
2013-06-12 12:07:45 NFLX sell $210.590 short
2013-06-12 12:07:45 NFLX sell $210.590 short
2013-06-12 12:11:00 NFLX sell $210.190 short
2013-06-12 12:11:00 NFLX sell $210.180 short
2013-06-12 12:54:54 NFLX buy $210.840 short
2013-06-12 12:54:54 NFLX buy $210.890 short
2013-06-12 12:54:54 NFLX buy $210.890 short
2013-06-12 12:54:54 NFLX buy $210.900 0
2013-06-12 13:02:55 NFLX buy $211.250 long
2013-06-12 13:18:17 NFLX sell $211.250 0
2013-06-12 13:25:57 NFLX sell $210.830 short
2013-06-12 14:07:49 NFLX sell $210.200 short
2013-06-12 14:48:53 NFLX buy $208.000 short
2013-06-12 15:02:26 NFLX buy $207.030 short
2013-06-12 15:52:16 NFLX buy $207.920 short
2013-06-12 15:52:16 NFLX buy $207.930 0


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