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Jan 10, 2019 10:33


Top Reversal Scaling In Good Exit Early Entry Bad Entry

The day started so good, but I keep taking erratic entries.

At 321 NFLX looked extended already as I had 320.50 as resistance and 323.50 325 and 328.50 above.

There was no decision-candle forming. just the full dollar. In hindsight it still looks indecisive here and I had no reason to take a position there.

I stuck with it and waited for 323.50ish. There was a decision-candle, but just a tiny one and I was faked into an add. Which was fine as I wanted and had to get my average down.

Above 324 ther was a better level and I added again. I had a decent average, but hesitated and did not add at 325. The entry I should have waited for.

My exit was perfect though. At least the partials.

Mistake was not to add at 325 on the reject as I did not see a clear sign, but just should have added and keep trading it.

Execution detail:

Date/time Symbol Side Price Position
2019-01-10 10:33:00 NFLX sell $321.030 short
2019-01-10 10:53:00 NFLX sell $323.180 short
2019-01-10 11:00:00 NFLX sell $324.070 short
2019-01-10 11:21:00 NFLX buy $322.810 short
2019-01-10 11:28:00 NFLX buy $322.700 short
2019-01-10 12:07:00 NFLX buy $322.450 short
2019-01-10 12:08:00 NFLX buy $322.690 0

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