NFLX Trade on Oct 25, 2018 09:56 from boldandnuts: Tradervue User Stock Trades.

Gravatar

Shared by
boldandnuts

 

Top Reversal in $NFLX at significant Levels

NFLX gapped up to 310ish after it sold off hard into the closing the day before to its 300 level.

From the previous days I still had that 312 and 316 Levels marked down. For support I had 300/298 with a short bias below and 312 and 316 for resistance above.

$NFLX ranged between 305 and 310 in the first half hour and did not get anywhere of my levels.

When $NFLX broke out above 310 I was a bit early with my first Entry and should have gone for 313, but was FOMO. I entered below 312 with 314 and 316 in mind for the next adds.

313 and 315 would have been the better spots, but I was ok with my average price and let it play out.

NFLX consolidated a bit below 315 before it finally sold off. rather hard and I took off most of my trade a bit too early as it came below 312.

For the last parts I was more patient and waited for VWAP at 310 and crack below eventually leaving something on the table. Good trade however.


Execution detail:

Date/time Symbol Side Price Position
2018-10-25 09:56:00 NFLX sell $311.720 short
2018-10-25 10:01:00 NFLX sell $314.000 short
2018-10-25 10:07:00 NFLX buy $312.140 short
2018-10-25 10:08:00 NFLX buy $311.880 short
2018-10-25 10:13:00 NFLX buy $310.160 short
2018-10-25 10:15:00 NFLX buy $309.520 0


Leave a comment about this trade!

You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes just a few seconds to sign up, and it's free!

View plans, Sign up for free, or Log in