NFLX break of structure long

5월 20일

NFLX
Thesis- Netflix was trading in a 6 day range below a key resistance level. Friday it appeared to attempt to breakout. Today I was willing to take NFLX calls at 620.84 and adding to my position at 622.99. I was extremely confident that above 623 we would trade up to 630 and 633.54.

Entry- I entered on the 5m higher low at 950ET. This was a high probability entry because it formed a retest of the 620.84 level and our open print level. Once 622.99 broke it was rocket time. 10:30ET 15m higher low provided opportunity to add to my position.

Calls over 100% from entry. Trade played out exactly as I was hoping.

My favorite setup to trade is a break of structure with a high R ratio. I want at least a 5R potential to even consider it. This allows me to keep my losses small in comparison. If there are no available 5R+ trades then I will not take a trade. The name of the game is small losses big wins.

5월 20일

거래청산: 타겟 닿음

630 hit, waiting to see if strong selling comes in before taking profit. Could still seee 633.54

5월 20일

액티브 트레이드

I did not mean to mark this as trade closed. Was just indicating that target was hit. Still holding as of now.

5월 20일

노트

Could see 639 today !!!