NFLX Trade on Nov 13, 2013 10:26 from markmandy54_BOWS: Tradervue User Stock Trades.

Was stalking to short as 30 min B/D of trendline support. Missed the intitial short but kept on it. Shorted the bounce to resistance and vwap. Terrible entry as buying volume came in and tried to take off my limit short but was filled. Still had stop -.75 for target +1.50 and +3. I'll be keeping an eye on this one but intraday was a terrible trade.

WEEKEND REVIEW LESSONS:
1 - Daily in uptrend, don't trade counter trend.

Execution detail:

Date/time	Symbol	Side	Price	Position
2013-11-13 10:26:45	NFLX	sell	$330.770	short
2013-11-13 10:27:54	NFLX	buy	$331.470	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=711794&end=20131213&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=711794&end=20131113160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=711794&end=20131113125754&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=711794&end=20131113112754&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2013-11-13 11:51:13

What on the daily chart made you want to short this?

mirko_BOWS

2013-11-13 14:46:39

My question exactly Nape, what was the setup here on the daily?

markmandy54_BOWS

2013-11-13 15:00:02

Ill take the screen shot when i get home, the daily has a rising trendline that is weakening (more taps), The weekly is horrendously extended and the amount of institutional distribution on that gap up was awesome. Intraday i screwed up. I'm trying to catch the bigger picture move but keep zooming to far in. I'm still working on trading different timeframes but obviously am struggling. A close over 340 would have me revisit my thesis.

bjstrade9_BOWS

2013-11-14 00:50:18

I see what you were going for. It tanked in the am, bounced up into 9ema and you were trying for the bearflag but had late entry? Nice try, but the daily is in consolidation so its going to be whipsaw. If you see it going up or down on daily, short away but leave consolidation alone on daily.

kunal00

2013-11-17 12:21:27

this stock is a tweener.. its not a ruberbband short as its been in slow steady up trend.. and there is no breakdown setup..

also in this market.. typeical breakdonws or bear flag setups in regular stocks have been buiyng opportunities in these momo stocks.

markmandy54_BOWS

2013-11-17 12:47:28

What's a tweener?
Yes, good uptrend and daily looks bullish. I had the wrong mindset.

NFLX Trade on Nov 13, 2013 10:26 from markmandy54_BOWS: Tradervue User Stock Trades.

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