NFLX Trade on Dec 12, 2018 10:45 from boldandnuts: Tradervue User Stock Trades.

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boldandnuts

 

I had 281 down as resistance and that level eventually was respected giving me a good place to add to this trade.

When NFLX traded below 278 and rejected that level I sold the low of a decision candle but was caught in a fake breakdown. Litterally filled at the lowest point. Refused to take it off when it broke out. Dumb move.

I was very patient here and waited. When NFLX got closer to 281 I added to it when the offer dropped 280.50 just before it spiked up once more. I was really pissed by how it moved. Fakeout after fakeout. I was not able to read the tape. really strange behaviour on low volume.

finally it sold off, but stopped around my break-even and I took off the trade with a small loss.


Execution detail:

Date/time Symbol Side Price Position
2018-12-12 10:45:00 NFLX sell $277.100 short
2018-12-12 11:20:00 NFLX sell $280.490 short
2018-12-12 11:32:00 NFLX buy $278.880 short
2018-12-12 11:34:00 NFLX buy $279.000 0


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