NFLX Trade on Feb 21, 2019 09:49 from boldandnuts: Tradervue User Stock Trades.

Gravatar

Shared by
boldandnuts

 

AFter not finding an Entry to the short side I watched NFLX trade into the 356.70 support I had down.

356.50 looked like it would hold and and I took the offer for a bounce. I read the tape right and gave it some room with a stop below the 356.50 level.

Level held and NFLX made a slow move, but stalled. My first target was not reached on the first attempt. NFLX retested lows and I thought I stop out. NFLX bounced hard now and my target on the offer was hit.

On the next leg down I saw the bid at 356.50 hold. Held bid with many many prints. I assumed a hard drop once that level drops and took the bid to exit before that happening.

To my surprise the level held for another move up before breaking.

Still worth the shot and good trade.


Execution detail:

Date/time Symbol Side Price Position
2019-02-21 09:49:00 NFLX buy $356.650 long
2019-02-21 09:52:00 NFLX sell $357.300 long
2019-02-21 09:55:00 NFLX sell $356.500 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!

View plans, Sign up for free, or Log in