This one was unlucky I guess and my largest loss of the day. It hurt as it looked good and I was patient. NFLX traded slow though and it was rather a day of scaling in than trading breakouts/-downs. Market ran up at the time and was not ready for reversing lower, yet.
On the retest of 363 level and what looked like a double top I waited for some sort of signal. I saw that small DC form and waited for the lows to break instead of just taking 363 level crack.
Good call, however NFLX just traded lower for a couple of cents before finding a bid and quickly trade higher. Instead of giving it some room I took it off at the high and into the spike. WTF, Markus? It really looked like it would make a run as it gained volume and prints were coming in on the offer. Just after my exit NFLX suddenly stopped to move and started to consolidate again...
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-15 09:41:00 | NFLX | sell | $362.830 | short |
2019-02-15 09:41:00 | NFLX | buy | $363.377 | 0 |
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