SIM DAY #7
Shares traded: 3400 <--- (NFLX only)
Closed P&L: $1358.50 <--- (NFLX only)
P&L/Day: $1,384.50
I had a great trade on $NFLX today! I felt really good about my initial plan of attack and then my execution of it. Since trading on the simulator, I have found $NFLX to be my favorite stock to trade and by far my most profitable. My plan of attack was to short the stock after seeing it down-trending for the day. I waited for the first major pullback of the day, shorting it at three different prices as I noticed the stock pulling back deeper, and then I simply scaled out in small volume, saving shares for lower and lower prices, and taking my profits at new and newer lows. Noticed the downtrend began to weaken and slow its pace, so finally sold off all shares before a trend reversal began.
Execution detail:
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