I had 335 336.50 down for resistance above, but not much more until 356 as there are no clear levels in between. I had 342ish and 345ish for possible inflectionpoints.
The first try was ok, but my entry was just too late. I was chasing. 336 rejected and I used 335 for the crack where it found support instead and retested 336. Luckily(!!!) it dropped eventually and I got out with most of it.
NFLX traded higher and I missed the decision-candle it formed below 339. Real bummer. Missed the 4 point move to 335.
When NFLX retested previous highs around noon I waited for the 2nd test and took a partial. NFLX turned out to make more highs and I added at 339 even though that was no clear signal, but rather some consolidation.
Below 340for the next add I was faked into a drop as it rejected 340, but found a bid again.
I did good at 341, but eventually missed to take size on the backside when it dropped hard.
Did good scaling out of the position. But missed the final hard drop as my average wasn't that great.
I need to be more patient and more selective as the market is not trading in wide ranges at the moment.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-11 10:12:00 | NFLX | sell | $335.000 | short |
2019-01-11 10:14:00 | NFLX | buy | $334.910 | short |
2019-01-11 10:15:00 | NFLX | buy | $334.090 | short |
2019-01-11 12:08:00 | NFLX | sell | $338.242 | short |
2019-01-11 12:25:00 | NFLX | sell | $339.300 | short |
2019-01-11 12:35:00 | NFLX | sell | $339.755 | short |
2019-01-11 12:43:00 | NFLX | sell | $340.762 | short |
2019-01-11 12:53:00 | NFLX | buy | $339.250 | short |
2019-01-11 12:58:00 | NFLX | buy | $338.560 | short |
2019-01-11 13:04:00 | NFLX | buy | $337.930 | short |
2019-01-11 13:07:00 | NFLX | buy | $338.070 | short |
2019-01-11 13:09:00 | NFLX | buy | $337.530 | 0 |
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