NFLX Trade on Jan 23, 2023 09:35 from Trader_DK88-Andrew_BOWS: Tradervue User Stock Trades.

Improvements:

1. Earnings out previous Friday and the stock had a strong run-up and consolidated in the top of the range on Friday.
2. During the pre-market planning session this was called out by Big K as a classic day 2 trade setup.
3. Having traded Day 2 trades many times before, I had a good feel for the trade setup heading into the open.
4. My initial plan was to enter long on the break of the break of the pre-market & prior-day's closing high and placing the stop under the pre-market low.
5. I had wanted the stock to do a small dip off the open and then move to the upside, however it did the exact opposite.
6. Stock ripped to the upside, stalled and then flushed into the pre-market low.
7. I watched the market indexes which were initial flushing so I held, watched and waited.
8. Here I had the order ready to go, however, I never pulled the trigger as I've been caught out on this initial surges off the open, only to roll-over and stop me out.
9. While keeping an eye on some of the other stocks in my watchlist, NFLX ripped to the upside.
10. My order didn't get filled so I had to chase somewhat for the entry.
11. Once in the trade and knowing my entry was over extended I was more "sensitive" to potential pullbacks, rollovers etc.
12. Having seen the bearish engulfing candle on the on the 1-min chart, my thoughts were, stock has topped out and it was most likely going to rollover.
13. Hitting out at breakeven, while in hindsight, was not a good choice & I could have stayed in the trade with the stop under the (prior) 2-min candle.

• See next trade to see where I re-entered for a longside breakout.

1. From a psychology perspective, the market environment from past 12-mionths have conditioned me into not trusting rallys. Notes: ------
2. Right trade thesis overall, however, missed the initial entry
3. need to be open to changing market environment and trade the price action

Actions:

• Playbook the trade

Trade Technical variables:-

ATR: 11.62
Rvol: 2.62
AVol: 10.9M
Beta: 1.12
Short: 2.11%
Float: 438.7M
Ins. Own: 77.30%
WIC: Buyers (short term), Buyers (long term)
VWAP: Above (Daily), Above (2Day)