After I took off my last trade short almost perfectly, NFLX retested previous highs and I was going for a Backside trade. I saw the resistance level at 332.50 and placed a limit order there. We just tested it and immediately NFLX sold off.
I took my profits way too early. 331 as I somehow expected just a pullback for a breakout above the 332.50 and wanted to lock in some profits.
Took the rest off when I thought the confluence of the EMAs and VWAP would be support and figured I can add back on any retest higher.
Instead of using the high of the last candle I took it off and NFLX sold off further. I missed most of the move.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-11 10:09:00 | NFLX | sell | $332.490 | short |
2018-10-11 10:10:00 | NFLX | buy | $331.010 | short |
2018-10-11 10:11:00 | NFLX | buy | $329.200 | 0 |
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