P/B as 330 kept holding intraday, stop -2, Target +4, +7. Kept hitting 330.50 and would roll. Felt i entered too early so exited to re-assess.
P/B to 330 again and buyers stepped in so long again, and yet again sellers smacked it down but this time at 332 so took off to find better trades.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-23 10:01:20 | NFLX | buy | $330.500 | long |
2013-10-23 10:04:49 | NFLX | sell | $331.740 | 0 |
2013-10-23 10:08:08 | NFLX | buy | $330.140 | long |
2013-10-23 10:11:48 | NFLX | sell | $331.360 | 0 |
I held this one long from yesterday through today - it was kinda shakey but took out $720 in profits.
Good decision to exit. This was a junk setup IMO! I'm working on eliminating this kind of garbage from my own arsenal. I spend a lot of money losing $50 here and $20 there on setups like these...they really add up after a while ... don't trade out of boredom. All you need is 1-2 good trades a day to make $1-2k!
What was the junk? I want to know so i can eliminate. It seemed logical there'd be some retracement after the previous day annihilation and after the morning run, i thought the sys triangle intraday looked indicative of another run up. What am i missing? Thanks Chris.
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nice scalp