Play: both plays were the break of the VWAP
on the first one, I got scared and sold as soon as it went against me but I should have stuck to the plan and stayed with it. I re-entered it even thought it was a chase but only for a scalp play, until i reached the 2:1 ratio which worked out perfectly. I left a lot on the table but that wasn't part of the plan i had at the time. Also knowing this stock was having wide spreads, I wanted to limit my risk.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-01-23 10:57:53 | NFLX | sell | $387.790 | short |
2014-01-23 10:58:09 | NFLX | buy | $388.240 | 0 |
2014-01-23 11:24:42 | NFLX | sell | $386.484 | short |
2014-01-23 11:28:33 | NFLX | buy | $384.540 | 0 |
Like the way u got back and pounded it!
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Sweet entry.