This was a chase. I was watching this stock to see if would snap back after it's massive fall yesterday. I bought it when it broke out of a flag and seemed to clear some resistance, but it rolled over and hit my stop.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2013-10-23 12:05:09 | NFLX | buy | $330.770 | long |
2013-10-23 13:09:20 | NFLX | sell | $326.890 | 0 |
not really a clean setup.. once it failed to get back over $331.25 you should have bailed as that was a key level it couldn't break though at the time...http://screencast.com/t/iQUTj2Bvmj
No setup that i can see. Maybe a bull flag but it looks like it created a lower high (based on the spike).
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on your 1 min chat I don't see where it broke the flag and on the 5min it looks like you may have chased it up. the best entry would have been like 328.5ish? NFLX owned me yesterday so take what I say with a grain of salt. lol