NFLX Trade on Oct 23, 2015 12:05 from Holden: Tradervue User Stock Trades.

Afternoon Continued strength above intraday R - Big Picture supporting- NFLX

Research and information collection (what I was seeing and where I sourced the idea)
Technical set up - Name had been consolidating near the lows for the prior sessions and looked like it may break down but rallied up and began holding above the 60 min vwap for the first time and also was consolidating above possible R at 98.8
Creativity and the generation of trading idea (my thought process for what could develop)
Afternoon continued strength play is one from my playbook that tends to show up in trending, momentum environments. I look for a pullback (slam) back down into upper level support, preferably at a key time that stops right there and buyers step in. I enter on the change of character and look for a possible continuation with a pop back up, consolidation above R and extensions from there knowing that I really get paid at the end of this play as it is a momentum move.
Entry execution and position management (Why did I take the play, why did I size as I did and what was my plan?)
Did not catch the slam back down to support (best entry) but when action popped back up above R and held there I entered long against vwap and swing low.
I know that this play takes a lot of time to develop so I have to be prepared to give it more room to develop early in the move and tighten my stop up if and as the momentum builds.
Risk management and exit execution (My plan for the play and my reasons2sell)
Risk management- Managed risk initially by entering with smaller size knowing that I would have to give it more room to work. Only got bigger in the play after the action rallied up to 100 and dumped out and I increased my size looking for a pop above 100.
Exit Execution - Had target and when name showed strong momentum drive up into R level, I took exit on entire move.
Self Management (Specifically self talk and did I support myself in a way that allowed me to execute to plan)
I felt things speeding up on me before I stepped back. Need to recognize that feeling faster. Practice that where I feel things start to speed up but recognize it and bring myself back down. Felt things speeding up again earlier in this play thinking, what if this fails? what if I missed a great set up in something else and this goes no where? etc. etc. But having my rules written down for this play allowed me to focus on those, commit to those and not my emotions and stay with the play until I had a REAL reason2sell.
Next steps:
I did not get the volume increase I was looking for in this play to really begin to trend so dont chase action around just leave it and move on to other opportunities.