The other day on Twitter I asked how liquid NFLX was when it crashed since I was away from the desk ... no one replied because I'm followed only by bots and fantasy footballers, so I had to look it up on my own. It fell from 448 to 336 in the first 15 minutes after the close. Must have been impossible to short it as it collapsed. The next morning it opened around $332 and rallied to $360. If trading were easy, everyone would be rich.
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Netflix Hits $484 Target
You'll recall the trading idea for Mon. Aug. 4 in Netflix. I posted a 15-min chart of it a few days later, and here's the 60-minute chart. Good ideas like this are a dime a dozen, execution is everything.
Reviewing Netflix Trade
In the great tradition of reviewing the trades that occasionally, nay, rarely work while conveniently ignoring all our many losers, here's a 15-min chart of Netflix. How are you managing your open long? Move the stop to breakeven yet?
Trading idea for Mon. Aug. 4, 2014 | Netflix (NFLX)
See lots of longs after the recent rout, including Netflix.
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