NFLX Trade on Feb 7, 2014 10:19 from Markmandy54: Tradervue User Stock Trades.

Looks amazing on daily, had the volume and missed the opening drive so waited patiently for P/B. Stop -1.50, Target +4. At +3 i should have taken off 1/2 but instead i moved my stop to B/E and got hit on the natural P/B to the 9EMA which it bounced beautifully off of. I had the right idea and this should run all day, i simply poorly managed this trade.

Execution detail:

Date/time	Symbol	Side	Price	Position
2014-02-07 10:19:58	NFLX	buy	$418.800	long
2014-02-07 10:28:00	NFLX	sell	$419.020	0

#chart1 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=833777&end=20140207112400&i=m2&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart2 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=833777&end=20140207125300&i=m5&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart3 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=833777&end=20140207160000&i=m30&TimeRange=90&Volume=1&ChartType=candlestick&width=450&height=275');}

#chart4 { background-image:url('/shared/charts/pricechart?symbol=NFLX&trade=833777&end=20140309&i=d&TimeRange=120&Volume=1&ChartType=candlestick&width=450&height=275');}

Comments

oly_BOWS

2014-02-07 19:43:38

I struggle with scaling vs b/e stop. At least for now with the market unsettled I am going with scaling every time.

bbman

2014-02-07 23:40:21

don't let this bother you... it rarely works out perfectly and there are pros and cons to scaling/no scaling strategies. Best thing to do is analyze your trades and see what works best for the type of trades you take and your emotional conditioning.

I would have hit this again on the long side at the break of $420; there is no shame in getting back into a trade that shook you out.

Good call though

jmoscate_BOWS

2014-02-08 14:37:24

Nice entry! Didn't take any gains at +3, that is discipline my friend

jmoscate_BOWS

2014-02-08 14:39:00

I hear what you are saying because you had the right idea but let's say it goes against you and breaks down, then moving your stop loss to b/e would have been a good call..it is a very hard situation and i guess it depends to personal preference.

kunal00

2014-02-08 23:24:17

aaah its a wild one ..sometimes u will stop out .. very few patterns are just 100% perfectly played out u often get those odd ball movements. u can re-enter this bad boy

ckz8780

2014-02-09 15:18:58

This stock ran $12/share off the open and probably needed wider than a $1.50 stop. Try adjusting your position size slightly on stuff like this since it will be more volatile and w/ a smaller position size you can give it more room to work. You can always add more later on a secondary or tertiary setup!

Markmandy54

2014-02-10 13:48:38

I simply micro managed this one. Looked great.

NFLX Trade on Feb 7, 2014 10:19 from Markmandy54: Tradervue User Stock Trades.

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