After getting shaken out of NFLX with my fat finger trade I wanted to give it another shot but was a bit too greedy and fomo.
I was early and did not wait for 335s and opened a starter at 336.50 that immediately broke lower.
I added at 335 that was also weak and we broke that. I finally waited for NFLX to find its lows.
I added another piece when NFLX came back above 332. It spiked up, but did not get up to my average price that was at a conflict and resistance spot of 334.60 together with VWAP.
However when NFLX retested lows and respected 331 I did not add again when it came back above 332 where my last add was. I would have been the right decision to add again as I got a clear signal.
But as my average was way up too high I hesitated. $NFLX eventually touched VWAP and on a next test I took off half the trade.
Scaled out of it more and took off the last piece on the break of VWAP and my average.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-15 09:32:53 | NFLX | buy | $336.500 | long |
2018-10-15 09:34:00 | NFLX | buy | $335.100 | long |
2018-10-15 09:37:00 | NFLX | buy | $332.196 | long |
2018-10-15 09:44:00 | NFLX | sell | $334.500 | long |
2018-10-15 09:46:00 | NFLX | sell | $335.114 | long |
2018-10-15 09:48:00 | NFLX | sell | $334.521 | 0 |
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