NFLX Trade on Oct 24, 2018 11:11 from boldandnuts: Tradervue User Stock Trades.

$NFLX not in Play

From the previous days I had 322 and 316 for support marked down, but did not expect we would get there as $NFLX was trading above its SMA200 during premarket. Hence I did not trade the crack of it to the short side, but watched it closely as it came down to 322.

My first Entry wasn't great and I realised my erratic behaviour just after I entered after we tested 321. It immediately felt like a trap, but I wanted to give it a shot and stuck with it.

Together with the market, NFLX also sold off further and when 320 seemed to have held I used a retest for another add, just to see $NFLX drop 320. Average 321.35 and Target 323 and next support at 317-316.

For my next add I placed another order just below 319. My order was filled on a spike and consolidation at 318. I can't remember why I did not place it at 318, but think i was going for another add at 317 or above and that would have been too close to 318. Average now 320.47 on 45 shares with Target1 of 322.

This is when I noticed that the Relative Volume of $NFLX wasn't elevated and I should have stuck to trade $NVDA that found support at 209 for a nice run up, but I hesitated. $NVDA bounced nicely whereas $NFLX traded very slowly to follow.

$NFLX was therefore very hesitant and hovering below my Average-Price and there were moments I thought to take off half just to lighten up and add lower in case of another leg down.

Eventually I did take off half just when it moved my direction and finally found a bid... bad exit.

Did good on the next exits, but should have stopped out of the last piece way earlier and left some profits here.