Shared by
boldandnuts
Taking off the previous trade turned out to be a good call.
When NFLX went to test below 285 again I gave it another shot for a bounce and it held support.
On the spike above 286 I took a partial and let the rest play out for a retest lower and see whether we would have found a bottom. We did not.
$NFLX broke lows again and I actually had no levels marked below and had to look where next support is.
I stood aside as NFLX traded lower and spiked below 283 and bounced, but added above 282 giving me a good average of 283.15 for a first target of 285ish. Took off the trade as NFLX reached recent intraday pivots. Wanting to call it a day I took rest off 289ish.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-10-29 12:12:00 | NFLX | buy | $284.800 | long |
| 2018-10-29 12:13:00 | NFLX | sell | $286.230 | long |
| 2018-10-29 12:31:00 | NFLX | buy | $282.277 | long |
| 2018-10-29 12:34:00 | NFLX | sell | $284.370 | long |
| 2018-10-29 12:36:00 | NFLX | sell | $284.530 | long |
| 2018-10-29 12:41:00 | NFLX | sell | $286.700 | long |
| 2018-10-29 12:45:00 | NFLX | sell | $288.970 | 0 |
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