Nice Trade on NFLX. Did really good here :-) Small size but leaving a good feeling.
I kept watching NFLX as it traded lower on low volume and very wide spreads. I had support at 361 and 355.60 below that.
When it traded at 361 I watched it and did not blindly jump in. The level dropped and I watched closer for signs of strength, bids coming in.
NFLX fell on a spike below 360.50 and when that level lifted I jumped in on the Offer. Good move. That is what you need to wait for. A drop/spike below a level and a hard move higher to jump in on the reclaim/break of that level.
NFLX was still hesitant to make a move much higher. My first target never filled on the offer. When it filled eventually it also moved higher. Great. Just great...
Second partial I took at 362 where NFLX stalled for a moment. It moved higher.
Did really good on the next partial and stuck with the rest for the remainder of the day. Or so I thought. I should have stopped out earlier.
There was some support above 360.50 at around .70 that held and I did really good to add to a trade on a breakout. It was worth a shot and worked at first.
Took my partial and stopped out to the cent on the move lower. REally?
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