After the first attempt I did not give up on NFLX, but should have moved on. I saw it consolidated around the 363 level rejecting every higher offer on an attempt to run high.
Some rejection-candles formed and instead of selling into the spikes, I was patient at waited for the lows of a DC to break in confluence with 363. Good Entry.
When it really looked like NFLX would roll over, I even ADDED but was too early as the lows of the consolidation area that held support was not broken yet! It held! NFLX broke out with the market. Out of frustration I just stopped out of a quarter position and stuck with the rest to give it some room. Bad call as it traded way too far against me.
Hence, when I had a chance to add to this trade I did not add more to better my average price. I was too lost in my trade.
NFLX dropped like a stone and I stuck iwht it. Did really good with my partials. Good Exits!
Execution detail:
Date/time | Symbol | Side | Price | Position |
---|---|---|---|---|
2019-02-15 09:44:00 | NFLX | sell | $363.000 | short |
2019-02-15 09:45:00 | NFLX | sell | $362.920 | short |
2019-02-15 09:45:00 | NFLX | buy | $363.559 | short |
2019-02-15 09:45:00 | NFLX | buy | $363.288 | short |
2019-02-15 09:54:00 | NFLX | buy | $361.600 | short |
2019-02-15 09:54:00 | NFLX | buy | $361.599 | short |
2019-02-15 09:58:00 | NFLX | buy | $361.000 | short |
2019-02-15 10:02:00 | NFLX | buy | $360.991 | 0 |
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