Shared by
boldandnuts
NFLX sold off hard and I watched it for a long around 294 and 290 where I had the support marked.
When I saw NFLX bounce off and respect 294 I took a starter. NFLX still looked weak after my entry but I decided to give it some room as this would be my last trade for the day.
NFLX made another leg lower and my add at 293 was a bit too early as I had 292 and 290 in mind as my next adds. 292.50 was the level to go for.
My targets were 295 and eventually 298ish to 300 for VWAP.
Eventually took the trade off too early as NFLX ran up with the market into the friday afternoon... saw that one coming but don't regret my decision.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-10-26 10:41:00 | NFLX | buy | $294.678 | long |
| 2018-10-26 10:45:00 | NFLX | buy | $292.960 | long |
| 2018-10-26 10:48:00 | NFLX | sell | $294.720 | long |
| 2018-10-26 10:48:00 | NFLX | sell | $294.970 | long |
| 2018-10-26 11:08:00 | NFLX | sell | $294.110 | 0 |
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