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Feb 26, 2019 11:00


Bottom Bounce Good Add Good Entry Good Partial Half Dollar OGT

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?

Execution detail:

Date/time Symbol Side Price Position
2019-02-26 11:00:00 NFLX buy $360.580 long
2019-02-26 11:07:00 NFLX sell $361.240 long
2019-02-26 11:11:00 NFLX sell $361.970 long
2019-02-26 11:17:00 NFLX sell $363.100 long
2019-02-26 12:22:00 NFLX buy $362.190 long
2019-02-26 12:25:00 NFLX sell $362.560 long
2019-02-26 12:36:00 NFLX sell $361.750 0

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