NFLX Trade on Oct 2, 2015 10:18 from Holden: Tradervue User Stock Trades.

There are few days where I can truly look for trending moves in a lot of different names and although I did not execute well given what developed, this may be a nice way to read and eventually practice HOW I want to be looking to attack if there is the potential of a trend day higher developing.
Initially my mindset was just hold a piece of the play and try to make it work for me and that is not a bad strategy but there is a tremendous amount of other opportunities that can develop allowing me to hold a small core and trade around that for a trend play.
First I need to start by defining the times I will/can look for trend plays:
Specifically I am talking about above average volume and moves where the name in question is breaking ABOVE key R levels and pulling back to those levels that then become support and the big picture environment is showing support as well so I can look for the action to really trend and am able to hold a core, buy into support and then sell into resistance.
The reason for this play would be that I am looking for a trend move to continue and I would like to capitalize on the price undulations where I anticipate sustained buying pressure but dont expect the action to just go up in a straight line so I can use the spikes higher to lighten up in the position and the pullbacks to key support (former Resistance) that hold to get bigger.
This is a totally blank space and I can work to begin to put together some ideas and fill the appropriate information in here.
What are the variables - (Checks) in my favor for this set up (continuation play)
Typically would like to have a fresh catalyst in the name
(could also have really strong big picture support and that always helps but a fresh catalyst helps
Anticipate a potential close on the highs of the session.
Regardless of if the action closes on the highs or not, I still will have to think situationally through the entire play
My thought process-

I will begin the play as I would any other play, managing the play to plan but as the play is developing I want to be noting the current price action and opening myself up to the idea that there may be continuation that develops (having my checklist)
On spikes higher above R levels, I want to lighten up in the position but keep a small piece on (maybe ½ or ⅓ of the initial) looking for the price action to pull back to test that prior R. On the retracement I observe how the action behaves and if possible, get bigger following the change of character after the pullback moving my stop up to the swing low of the upper consolidation. Rinse and repeat keeping my small core on until I have a REAL reason2sell.