Shared by
JRockTrades
Tags:
NFLX reported yesterday and the results were good, making it in-play.
I watched NFLX on the open and it was spready and choppy, ingredients to make me lose money. I decided to concentrate elsewhere until it calmed down, which I did.
Eventually, NFLX came into VWAP from below and I decided to take a short. Price did move against me initially, but just didn't take out my stop. Once it started to drop I covered 40% to alleviate the risk on the trade. Then I covered into lower and lower targets with my expectation that it could go the the LOD at 335. When it eventually got there I still had some position left and I continued to cover into 334. Then we got what looked like a reversal bar and I closed the trade. All in all a really nice trade.
Execution detail:
| Date/time | Symbol | Qty | Price | Position |
|---|---|---|---|---|
| 2023-01-20 10:29:26 | NFLX | -100 | $338.310 | -100 |
| 2023-01-20 10:33:02 | NFLX | 20 | $337.740 | -80 |
| 2023-01-20 10:33:16 | NFLX | 20 | $337.550 | -60 |
| 2023-01-20 10:35:15 | NFLX | 20 | $337.090 | -40 |
| 2023-01-20 10:35:29 | NFLX | 10 | $336.470 | -30 |
| 2023-01-20 10:38:34 | NFLX | 6 | $336.010 | -24 |
| 2023-01-20 10:39:58 | NFLX | 6 | $335.530 | -18 |
| 2023-01-20 10:40:37 | NFLX | 6 | $335.170 | -12 |
| 2023-01-20 10:40:47 | NFLX | 4 | $335.330 | -8 |
| 2023-01-20 10:41:24 | NFLX | 2 | $334.570 | -6 |
| 2023-01-20 10:42:04 | NFLX | 2 | $334.160 | -4 |
| 2023-01-20 10:42:24 | NFLX | 4 | $334.715 | 0 |
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