I keep having difficulties with NFLX but keep trading it.
NFLX traded higher towards 337 and found resistance. Again I waited and it broke lows on the next candle for a moment, just to break up abve 337 and I hesitated to take my loss for whatever reason. I ended up stuck with a short at 337. Next level 341.
At least I was very patient. Unfortunately I watched other stocks as well and missed that quick spike into 340 for an add. I was really mad at myself for missing that.
I kept a closer eye and added on a decision-candle at a lower high when it looked it would roll over. Just to be caught in another fake move lower. Average 337.50ish. Size ok.
For the next add I wanted to see a cleaner move higher and resistance+consolidation+decision-candle oder a good signal before adding more. maybe at 340-341.
It took forever for NFLX to roll over. It consolidated for an hour before selling off keeping me worried about another leg up and scared of adding to my position at the high of the range after the past days.
I stuck with it. When it finally sold off I was too quick with my exit, but patient enought to start at break even!!!
Good Exits.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-01-25 11:42:00 | NFLX | sell | $336.850 | short |
2019-01-25 11:57:00 | NFLX | sell | $338.104 | short |
2019-01-25 12:47:00 | NFLX | buy | $337.530 | short |
2019-01-25 12:48:00 | NFLX | buy | $337.050 | short |
2019-01-25 12:51:00 | NFLX | buy | $336.810 | short |
2019-01-25 14:21:00 | NFLX | buy | $337.480 | 0 |
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!