I normally don't prefer to trade stock that do not have a good volume. I added NFLX about 3-4 weeks before but never traded it. NFLX was weak with respect to the overall market in the morning. Attempted to rally a bit but found the sloping 5 EMA as resistance and formed a series of NRB's against the PDL. Went short at the break of the base. It dropped almost immediately forming a WRB and I moved my SL to breakeven. I had decided to hold this till EOD but took a partial. I had to go out for an hour to run some errands. Closed remaining near the EOD.
4 comments:
Wow! That was a great trade. Volume looks ok, a couple million traded everyday.
Tyler
NFLX was a good trade. First time I decided to hold the trade till EOD. NFLX normally have a small volume in early morning, so I try to keep away from it.
It really feels good to have a good trade and a good day.
Another nice trade!
Thanks Anarco. A very satisfying trade.
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