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.
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.
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.
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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