Shared by
boldandnuts
Another great trade here. $NFLX happened to sell off further and I kept it on watch. I still had the 333 and 332.50 levels as well as 329 in the back of my mind.
For a moment I wanted to give it a shot around 332.50ish but hesitated and glad I pulled my order(s).
$NFLX dropped and spiked lower and I used 331 for a stab just to add more between 329 and 330 depending on where some bids would be coming in.
331 happened to be pretty much the low and I really nailed this one.
Even the first target of 333 was pretty good. For a moment I played with the thought of being more aggressive and add back at 331.50 but just mentally did so to see whether we would put in a higher low.
$NFLX did so and once it broke back above 332 I was very confident about this trade with VWAP in mind as target.
Not that I would have the patience and tooke off more above 334 and above 335. Decent trade though. Don’t you think?
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-10-16 10:33:00 | NFLX | buy | $331.110 | long |
| 2018-10-16 10:36:00 | NFLX | sell | $332.637 | long |
| 2018-10-16 10:41:00 | NFLX | sell | $334.290 | long |
| 2018-10-16 10:42:00 | NFLX | sell | $335.270 | 0 |
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