Basically a bounce off of premarket lows... and was just waiting for the tape to give me a good spot to jump in... 338 was holding pretty well after bouncing quickly off of 337... so I'd say it was sort of a quick support play... not a double bottom or higher low that takes longer to develop.
Good entry and decent exit... had decided to be scalpy as I was trading countertrend and wanted to fight my way back with base hits.. especially as I know the first bounce usually will be quick and then price will come back and retest near the LOD... allowing me to get back in for a 2nd trade.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-18 10:14:38 | NFLX | buy | $338.200 | long |
2019-01-18 10:16:19 | NFLX | sell | $340.420 | 0 |
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