Erratic Entry. I did not wait and "thought" NFLX would break down out of the open. It didn't. Dip and Rip. For that I went SHORT right at the Open and NFLX made like a 15 POint run I really managed it well... But that is just that.
My pivots for NFLX above were 313 and 316ish with the SMA100.
I took off most of it on retest of VWAP, but always "hoped" for the crack. Market was strong though and NFLX eventually broke out.
I was very disciplined to wait for 313 to hit and skipped the 310 resistance that held three times and would have offered a good scalp to get a great average for 2-3 points.
NFLX traded very choppy on rather low volume and market related. My Add at 313 was decent.
However NFLX did not make it to VWAP and traded higher respecting the EMA20.
On a Decision-Candle after the reject of 315 I gave it another shot. It was a fakeout and NFLX made another leg up to test and respect 317. I did not add. Triggershy.
Stuck with my trade for 3 hours patiently to take it off below 313. Good on patience here. Bad on adding on the top of the range as I always expected another run up into the afternoon.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-07 09:30:00 | NFLX | sell | $302.140 | short |
2019-01-07 09:31:00 | NFLX | buy | $302.870 | short |
2019-01-07 09:35:00 | NFLX | buy | $303.439 | short |
2019-01-07 10:12:00 | NFLX | buy | $305.988 | short |
2019-01-07 10:53:00 | NFLX | sell | $312.900 | short |
2019-01-07 10:57:00 | NFLX | buy | $312.210 | short |
2019-01-07 11:00:00 | NFLX | buy | $311.399 | short |
2019-01-07 11:51:00 | NFLX | sell | $314.710 | short |
2019-01-07 12:10:00 | NFLX | buy | $314.370 | short |
2019-01-07 13:51:00 | NFLX | buy | $312.760 | short |
2019-01-07 14:00:00 | NFLX | buy | $313.228 | 0 |
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