Perfect Trade! REally!
NFlx also traded on rathe low volume and I saw it grind higher with 345 and 347 as resistance I watched closer.
NFLX tested above 346 and slowed down to start to consolidate not moving much further. There is even a small decision-candle but not clean and it found support after a fake breakdown.
When I really wanted to see NFLX for another leg up, there was just no movement in that direction and I jumped in when I saw NFLX stall.
The trade really worked and in hindsight the break of 346 really was of significance and I must have added size. Just did not see it clearly enough on Friday.
It felt rather long for the trade to resolve and I took a first partial for 1$ with patience. I hesitated on 344 and stopped out next piece at the worst time to just stick with the rest for VWAP!
303.50 next target! Hit! Great Partial again.
Moved stope above previous days close 344.71 above 345 and let it run... 342.50 and VWAP as final target. Wonderful!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-08 10:44:00 | NFLX | sell | $346.156 | short |
2019-02-08 10:45:00 | NFLX | buy | $345.080 | short |
2019-02-08 10:54:00 | NFLX | buy | $345.160 | short |
2019-02-08 11:02:00 | NFLX | buy | $343.600 | short |
2019-02-08 11:36:00 | NFLX | buy | $342.550 | 0 |
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