What a beautiful trade in NFLX.
I was pretty much already done for the day but kept watiching NFLX.
When it came back towards its premarket support and pivot at 318.50 I wanted to see how it reacts.
NFLX formed a nice decision-candle. REjection in its finest form. It traded really slow as we were in lunch hour. I was patient and used the next candle and break of lows for a small position.
For moments I was worried the level would break and set a hard stop at highs.
347 was my first target. Of course I could not wait and took a partial as NFLX broke below the 348 full dollar.
My first target was hit before NFLX ran up for a retest. I was about to take off the trade break-even, but said to myself I would wait it out!
NFLX formed a double top and triggershy as I am I did not use it to add back, but stick to what I had left. Tiny position.
At the EMA9 on 5m I took my partials way too early as it turned out. Missed another 4 points into the afternoon.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-18 12:33:00 | NFLX | sell | $348.254 | short |
2019-01-18 12:35:00 | NFLX | buy | $347.960 | short |
2019-01-18 12:37:00 | NFLX | buy | $347.350 | short |
2019-01-18 12:45:00 | NFLX | buy | $346.900 | short |
2019-01-18 12:51:00 | NFLX | buy | $346.810 | 0 |
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