$NFLX gapped down with the market over night and respected the 320 level during premarket.
For support I marked 316 and 300 and 327, 330 and 335 for resistance.
I was so confident about a starter at 316 that I placed a limit order out of the gates. As I watched $NFLX sell off to 317 and hesitate at that level I moved my order to 317 and figured I can add lower and was confident about some sort of bounce.
As it turned out I pretty much nailed the Bottom and made a huge play here.
My Exits were nice. Especially the first two on the spike.
I decided to let the rest play out with 325 to 327 in mind as final targets. Granted, 4 shares isn't much, but even that would have added another 20$ to the P&L.
Just think about it :-)
Eventually took it off as I was busy with $TSLA disaster and not as confident.
Later even missed the retest of 317 due to $TSLA.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-23 09:30:00 | NFLX | buy | $317.020 | long |
2018-10-23 09:31:00 | NFLX | sell | $320.650 | long |
2018-10-23 09:31:00 | NFLX | sell | $319.240 | long |
2018-10-23 09:52:00 | NFLX | sell | $322.672 | 0 |
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