And while doing so, maybe you will even learn to trade....
TRADING IS NOT ABOUT MAKING OR LOSING MONEY BUT ABOUT DOING THE RIGHT THING. DO THAT AND THE MONEY WILL FOLLOW
Hey PT, of course you already know i have shorts in netflix BUT if netflix falls below $180 would you recommend to your readers to short it? Thanks love the blog and you can add as many ads as you want if you need to they don't bother me at all as long as i dont have to click to close them. Thanks.
Bill, my shorting strategy would depend on overall market conditions rather than individual stocks. Looking at Netflix, retest of 200 was a great entry for short, but that's easy to say in hindsight. Looking ahead, yeah, 180 is important support but then there is support approaching in form of 170 level and MA(50). So, a break of 180 could mean down another 6-7 points. But again, you already know my views on shorting NFLX. If I had to go short, I would rather choose beaten down stocks that have rallied on low volume in the past 3-4 days.
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