Yes, it's a chase, but it was for a scalp. Bought it as it broke down below price support, covered pieces into various levels of support. Final cover as it broke above the breakdown level.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2014-02-11 10:22:07 | NFLX | sell | $426.730 | short |
2014-02-11 10:24:22 | NFLX | buy | $426.280 | short |
2014-02-11 10:27:42 | NFLX | buy | $425.800 | short |
2014-02-11 10:33:24 | NFLX | buy | $427.300 | 0 |
Risky one! I hope you sized it appropriately bc like Billy said, it can turn in a second.
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Livin on the edge trading this one. A $2.00 move in couple minutes isn't uncommon. Tempting I know but a real killer if you get on the wrong end with real money. Will you trade this when you go live? If your account is going to be big enough that's awesome. But if not, I'd do my best to demo trade as close to the way you will live trade. This will give the max benefit from demo trading