Shared by
boldandnuts
Trade#2 in $NFLX for a Top Reversal
Granted, for this one I was way too early and was almost certain once I entered. I used the low of a Decision-Candle that formed below 283 for a fake breakdown. With 287.50 above as a level of significance.
I stuck with the trade and added below 285 at yesterdays close wich $NFLX ripped through to 288 and above my marked level. Here I added another piece for an average of 285 on 60 shares and the next add at 292.50s in mind.
When I saw it reject 290 I was sceptical and did not add. $NFLX sold off to 285.03 where it found a bid. Bummer. Had a spike below in mind to take off half.
Not too worried I was looking for a Backside-Trade to form. Which it did and I hesitated. Such a beautiful Candle below 289.
$NFLX sold off with the $SPY. I suppose I was a bit lucky here and took off the trade rather quickly when I got close to my daily goal.
Have to get used to the bigger, yet still tiny, tier size.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2018-10-30 10:17:00 | NFLX | sell | $282.160 | short |
| 2018-10-30 10:20:00 | NFLX | sell | $284.844 | short |
| 2018-10-30 10:22:00 | NFLX | sell | $288.000 | short |
| 2018-10-30 10:37:00 | NFLX | buy | $284.430 | short |
| 2018-10-30 10:38:00 | NFLX | buy | $284.000 | short |
| 2018-10-30 10:40:00 | NFLX | buy | $283.070 | short |
| 2018-10-30 10:42:00 | NFLX | buy | $282.510 | 0 |
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