NFLX Trade on Jan 28, 2014 13:36 from EL_BOWS: Tradervue User Stock Trades.

I don't think a trade has ever set me so hard on tilt before. Bought in what looked like a perfect high and tight flag. Within seconds it dropped a dollar. Stopped out within 10 cents of reversal after taking almost THREE TIMES my max loss (in sheer disbelief that this wussy little pullback kept pulling back), then it reversed for a $12 gain.

All I hear is Kunal's comment "at some point the entry isn't going to work", so I watched three other entries go by today (flag break @ 2:55, flag break at 3:15pm, pullback at 3:35pm). I have lost my confidence.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-01-28 13:36:10	NFLX	buy	$394.870	long
2014-01-28 13:40:21	NFLX	sell	$393.440	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=822914&end=20140227&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=822914&end=20140128160000&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=822914&end=20140128160000&i=m15&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

Nape_BOWS

2014-01-28 17:51:25

It never broke trend. Use the ema's to guide you.

EL_BOWS

2014-01-28 18:11:59

Didn't break the trend, but it broke the pattern with that flush candle (that I bought at the top of). When it happened, I was way over my max loss and had no idea if it would turn around (other than the low volume of the pullback).

Sayed

2014-01-28 19:09:40

Well, $1 stop is not good enough with spready 400$ stock like NFLX. It could have dropped another $1 and the trend still would have been intact.

NFLX Trade on Jan 28, 2014 13:36 from EL_BOWS: Tradervue User Stock Trades.

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