I did not take the Backside Trade short when NFLX made a lower high to selloff to below 300.
But I watched the 300 and initiated a starter just above and was aware of the 299 significance with previous day close at 299.83.
299 was tested a couple times, but I did not add and waited for it to play out and add in case it goes lower to 296ish.
NFLX eventually broke out and my first target was 302, then 304 and eventually 306. The last did not work out and I took off final piece when it looked like NFLX found its peak.
Great Exit here.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-29 09:51:00 | NFLX | buy | $300.360 | long |
2018-10-29 09:58:00 | NFLX | sell | $301.890 | long |
2018-10-29 10:03:00 | NFLX | sell | $303.590 | long |
2018-10-29 10:05:00 | NFLX | sell | $304.500 | 0 |
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