NFLX Trade on Jan 29, 2019 10:48 from boldandnuts: Tradervue User Stock Trades.

I saw NFLX sell off from VWAP and the SMA200 around 335ish.

Support 328.50

When it traded below 330 I watched closer and wanted to see a test of 329.

NFLX spiked down above 329 and stopped in the .20s. When it looked like it found a bottom I opened a position on the break of the half dollar with a potential stop at lows.

NFLX initially reacted with a bounce, but did not make it far enough to my first target.

I stuck with it as it traded down and found support at 329 bouncing off for 4 minutes. NFLX looked like it was struggling with lower prices. Eventually 329 broke and 328.50 Pivot was finally tested!

As I was still in the position (bad) and there was no clean signal to go long at 328.50 I did not add to the position, but watched closely. Together with the market NFLX started to bounce. I was not happy with my Entry now and took partials rather quickly at 330, 331 and eventually on the break of 330.50. Good Exit.

With more patience I could have gotten a better price, but assume I would have played support 329 anyhow. Adding at 329 was not allowed as too close to my entry and risk-reward not favorable.

In hindsight, taking the loss and re-enter at 328.50 would have given me a better profit after all compared to sticking to the position and waiting for it to play it out. Considering the same exits after re-entry at 328.50. Question is just whether I would have taken it and skipped the trade at 329 held bid. I doubt it.

Did not take the retest of 328.50 either as busy with FB and no clean signal for bounce.