Shared by:
WesleyR_BOWS
SIM DAY #19
Shares traded: 2,000 (NFLX short)
Closed P&L: $290.00 (NFLX short)
Missed the initial spike up at the open, so waited for the price to get over extended and show a sign of weakness to play the inevitable pullback to the EMAs (or near them at least). As price slowed down and began to lower, I looked to short the pullback for a real quick play. I was anticipating the price to pullback all the way to the 9 EMA at least and touch it. I was scared out of the longer pullback and covered quicker than I wanted when the price made a quick climb. In hindsight, it pulled back exactly where I had anticipated. Left money on the table... should have covered for around a 90 cents to full dollar profit per share, instead only 30 cents
Execution detail:
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