I watched NFLX after the bounce from below 350 and saw it reject 355.
I watched for a decision-candle and some good sign for a short. I did good on my entry with the crack of lows and half dollar and the patience to do so!
However I did not give it much room and took off the trade on the break back above the half dollar. NFLX and the market in general looked still very indecisive. Somehow a stop above 355 seemed too much risk to bare.
I did good jumping back in on the next break as I did not want to miss another trade due to my hesitation! This time I gave it more room and just sat it out. Even when it spiked against me I just sat tight. Good call!
It was just a hard reject candle and really should have added size on the crack of its lows when NFLX started to really sell off. Unfortunately I was watching something else and missed the drop.
And my partial at 353.50, but had a chance little after.
Partials were ok and my target was hit eventually and I was sitting it out. Then I got greedy and wanted to see vWAP crack. It held And I was stopped out the last piece.
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-14 10:16:00 | NFLX | sell | $354.460 | short |
2019-02-14 10:17:00 | NFLX | buy | $354.552 | 0 |
2019-02-14 10:18:00 | NFLX | sell | $354.420 | short |
2019-02-14 10:23:00 | NFLX | buy | $353.550 | short |
2019-02-14 10:26:00 | NFLX | buy | $353.700 | short |
2019-02-14 10:38:00 | NFLX | buy | $352.040 | short |
2019-02-14 11:30:00 | NFLX | buy | $354.480 | 0 |
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