NFLX Trade on Jan 24, 2019 10:00 from boldandnuts: Tradervue User Stock Trades.

After the desaster in NFLX yesterday, why not repeat it? This time to the other side. How often can one make the same mistake over and over again. Overconfidence and FOMO at its best.

Resistance: 325 328 332 334.50(200)

Out of the Open NFLX was strong and very volatile. I hesitated to take a starter at 325 and missed a nice move. NFLX bounce off of VWAP and made another high with a beautiful Decision-Candle off of 326. Hesitated again and missed.

But then I watched the Backside! I saw this small candle form below 325 and opened a starter when 325 broke downwards.

Unfortunately I was too early and lows were never broken. To make it worse I stuck to it as it was just 1/12th tier.

I did not expect such a run! Wowsa. Bad call to add at the highs of 326. No reason. No big order or any other signal. Bad add!

Watching closer into 328 resistance. NFLX stalled below that level above 327 and even formed a decision-candle. BUT, lows never broke and I added way too early. Bad Add #2.

NFLX broke 328. Next Level 332.

Again I did not expect it to get there without a pullback. Man was I wrong. And Impatient.

At 329 NFLX stalled again for a minute and formed a tiny decision-candle. I did not want to miss my Entry and added on the next candle (ok) but did not wait for the lows to break. Bad call. NFLX moved up even higher. Bad Add #3.

NFLX hit an RSI14 of 100. Never saw that before.

However, NFLX did not stop. It moved higher.

Coming from 329 NFLX made another leg up into 331 and started to consolidate. Now I was on my toes for an add. This time I was patient. i did not enter at 331, but waited for the lows of the rejection Candle to break. No clean candle, but ok add. First Add that was ok!

Turned out to be my last add. Average of 328.53 on 1,5 Tiers. Way too big and way too bad of an average.

NFLX kept retesting 331 and always found support around 329.50-330. Another leg up was immenent. I expected 332 to be the final high. We didn't even get there and NFLX started to consolidate below there. I did not trust it as there was no clear Decision-Candle and I hesitated from taking a final add.

Finally NFLX started to pullback and I had a backside-trade in mind. Retest and Reject of 331ish and Decision-Candle with a spike.

Nope, did not happen. NFLX sold off nicely into VWAP.

As nobody could have seen this without a backside trade and the market being strong I took partial losses on the way towards my break-even.

First loss at prior Support below 330 and more off into 329.

Can't believe NFLX traded down to VWAP. Got out with a blue eye, but gave back all my profits for the day! Not ok. Really not ok.

Markus! Be patient and wait for confirmed signals! The 3 bad adds ruined your day! Trade would have been nicely even after the first Entry at 325. With just the last add. Then an add into 332ish would have been great for an average above 330.

Wait for a move to end and for a trending stock to consolidate for 3-5 minutes before making a decision!