Not my best trade and I really noticed my lack of focus due to my back.
My Levels for NFLX were 287.50, 282 and 275 for support. As the market and $NFLX was strong I did not expect it to test these.
To the Upside I had 292.50 and 295.50 that were broken towards The Open. 300 was of significance but ignored. Above that 305.50ish and 312 as well as 316.
My first Entry was really good and I was patient. My Partials were good as well, but I should have taken off all of it instead of leaving 5 shares on. This later lead to me entering too early on a fakeout that I somehow felt coming.
I was patient and watched NFLX but was caught up when it hesitated with 307. This not even being a level. If it wasn't for my 5 shares I would not have added here and waited for better confirmation.
I added below 309 and above 310. Both entries were ok and I had a final spike above 312 in mind for a final add before I thought it must show some pullback. My average on 65 shares was 308.45 and below a support of 309.
My partials weren't that good and I took a loss on my first at 309. The market was strong and I wanted to reduce my risk in case NFLX would make a run up to test 316.
Luckily the market turned and NFLX sold off further. Happy I got out and made a profit.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2018-10-31 09:48:00 | NFLX | sell | $304.510 | short |
2018-10-31 09:52:00 | NFLX | buy | $302.750 | short |
2018-10-31 09:53:00 | NFLX | buy | $302.040 | short |
2018-10-31 10:13:00 | NFLX | sell | $307.317 | short |
2018-10-31 10:16:00 | NFLX | sell | $308.900 | short |
2018-10-31 10:20:00 | NFLX | sell | $310.110 | short |
2018-10-31 10:39:00 | NFLX | buy | $309.080 | short |
2018-10-31 10:41:00 | NFLX | buy | $307.590 | short |
2018-10-31 10:43:00 | NFLX | buy | $306.790 | short |
2018-10-31 10:49:00 | NFLX | buy | $305.680 | 0 |
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