NFLX Trade on Oct 2, 2013 10:38 from markmandy54_BOWS: Tradervue User Stock Trades.

Daily got volume yesterday, looking for continuation out of base. Intraday setup tapping highs. As soon as i saw the size i clicked on, i jumped out as position was way too big. This should have been a +1 gain on 1/2, but only with 100 shares.

Looked good at the time but now in review, stop would be too far away and R:R of 1:1 on partial not worth it.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-10-02 10:38:04	NFLX	buy	$328.920	long
2013-10-02 10:38:27	NFLX	sell	$329.560	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=619626&end=20131101&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=619626&end=20131002160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=619626&end=20131002130827&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=619626&end=20131002113827&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Gena_BOWS

2013-10-02 22:18:53

Sorry, a little confused by your comments. Entry seemed a bit of a chase. Then why did you get all out like 20 secs later?

markmandy54_BOWS

2013-10-02 22:34:59

I jumped out as i had $165k size position which is WAY to big for my comfort so bailed out. Plan was $32k size, stop -1, target 1/2 +1, last 1/2 +3. I jacked this up however i feel it's positive reinforcement for pattern recognition.

Gena_BOWS

2013-10-02 22:49:57

Woah! Yeah, I'd say so! BIIIGGGG!! Ok, I get it now. Agree with what you did then. Whew!
Are you paper or real $ trading?

markmandy54_BOWS

2013-10-02 22:52:01

Paper, still months out from getting back to the real deal.

Gena_BOWS

2013-10-02 22:53:58

Aha okay.

bjstrade9_BOWS

2013-10-02 23:45:46

yep I hear what ya did, its hard to figure out your position on a stock like this.

vdara23-bows

2013-10-03 01:59:09

You had the right idea, but thight stops to not work on $300 stocks. You need to give them room. The Spread is much bigger than with smaller stocks. I think a stop at 328.80 would have worked.

kunal00

2013-10-06 14:27:39

being big is ok.... once ur in.. see if it can go ..u had a big ripper n this one.... if anything maybe sell off 25 share or something on spike to lower ur risk..

NFLX Trade on Oct 2, 2013 10:38 from markmandy54_BOWS: Tradervue User Stock Trades.

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