Shared by
boldandnuts
When I saw 287 giving some support I wanted to take another stab at it on a pullback into that level.
Well, NFLX broke it. Misread the Tape. But I wasn't worried as I had the 286 level for support below and wanted to add on a possible break below.
Also I watched the Volume where NFLX just had a spike in Volume marking a possible Volume Bottom.
My Entry was good, but NFLX spiked even lower to test 284. My average now being 286.39.
As 287 acted as support I knew it would give some resistance and I took most of it off around that area.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-10-29 12:05:00 | NFLX | buy | $287.380 | long |
| 2018-10-29 12:06:00 | NFLX | buy | $285.390 | long |
| 2018-10-29 12:08:00 | NFLX | sell | $287.270 | long |
| 2018-10-29 12:08:00 | NFLX | sell | $286.921 | long |
| 2018-10-29 12:09:00 | NFLX | sell | $286.840 | 0 |
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