NFLX Trade on Jul 18, 2017 10:05 from Emilie_BOWS: Tradervue User Stock Trades.

Context: earnings breakout to new high
Intraday: ORB

Execution detail:

Date/time	Symbol	Side	Price	Position
2017-07-18 10:05:55	NFLX	buy	$177.110	long
2017-07-18 10:10:37	NFLX	buy	$177.700	long
2017-07-18 12:00:09	NFLX	sell	$184.300	long
2017-07-18 12:10:02	NFLX	sell	$184.370	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=5834346&end=20170817&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=5834346&end=20170718140002&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=5834346&end=20170718160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=5834346&end=20170718160000&i=m10&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Jamestrader

2017-07-18 18:09:27

Hello,
how do you trail out of a position like this? Thanks

VinnyB

2017-07-18 20:09:17

Hey Emilie,

Thanks for answering my question on trading psychology in such great detail.

My only questions for this trade are:

Do you try to anticipate the ORB and then add on the confirmation of new highs like you did here?
What was your stop? VWAP?
For me, the entry was $179 as it held $178 premarket level. Why didn't you add on the higher low/bull flag?
I'd also like to know what made you sell up there.

Emilie_BOWS

2017-07-19 00:14:27

@Jamestrader : it was very strong so I just put my stop under the low of a big candle every few 10-15 minutes. I didn't expect it to suddenly crash so I didn't worry about giving up too much unrealized profits.

@VinnyB: yeah, I was anticipating the ORB. My stop was a bit under VWAP, under $175.70. I didn't think about adding because I already oversized and felt happy that it broke out (I was a bit nervous about my early entries). I sold because I started seeing long upper tails and it was 12pm then I saw another red candle so I exited. If a stock was already trending for a long time, I always make sure I take at least 3/4 off around lunch time.

manisholi95

2017-07-19 02:09:57

dammm nailed it .

Jamestrader

2017-07-19 08:03:30

Thanks, trailing has been a struggle for me. Is this the trail method you use on most of your trades?

NFLX Trade on Jul 18, 2017 10:05 from Emilie_BOWS: Tradervue User Stock Trades.

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