Tuesday, October 23, 2007

102307 - NFLX - 15mins - Loss*Paper


Symbol: NFLX
Type: Long
Result: Lost -0.53R
  • This one really hurts!
  • 2 consecutive Inside-bars, and NR7 formed at around 11:30am, that caught my attention
  • Later on, another NR7 formed at the 12:15 bar, with increased volume
  • I entered Long after the prices broke the high of the 12:15 bar
  • I was nearly Stopped-out during the 13:30hrs bar, when I moved my Stop closer
  • I was not as lucky later. The low of the 14:00hrs bar triggered my, then-new, Protective Stop. the trade was exited at a lost!
  • It hurts even more to see that the prices eventually hit my initial target of Daily High!
  • Was my Stop too tight? What do you think?

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