Shared by
boldandnuts
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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