Shared by
boldandnuts
What a beautiful entry. In hindsight just wow! It didn't look this convincing while trading it as NFLX traded very slow on wide spreads and little volume. I did see it hesitate to make new highs and form a beautiful decision-candle. When it traded higher on the next candle and prices stalled, bid and ask narrowed by offer stepping down I hit the bid.
It took what felt like an eternity for the trade to resolve and pick up some momentum.
I did good on my first partial into the spike and hit the low.
Stuck with the rest with a hard stop at break even. Was patient enough to stick with the trade for the time being and saw a chance to add back at 363, but was scared of the level lifting. It held.
Took partials at 362 and eventually on the bounce off of 361.50. Unfortunately 3 dollars too early :-(
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2019-02-15 10:41:00 | NFLX | sell | $363.230 | short |
| 2019-02-15 10:43:00 | NFLX | buy | $362.550 | short |
| 2019-02-15 10:50:00 | NFLX | buy | $362.060 | short |
| 2019-02-15 10:58:00 | NFLX | buy | $361.700 | 0 |
Leave a comment about this trade!
You need to log into your Tradervue account to leave a comment. If you don't have one,
it takes
just a few seconds to sign up, and it's free!