NFLX short (2)

I gotta take profits here after such a fast move.

Another NFLX trade

Just entered another short position in NFLX. I eliminated my mistake from earlier and let the stock roll over (fail at a level after hitting it) before I gpt in.

NFLX Trade Review

Pros:

Great entry near double top on two day chart.

Nice, tight .20 stop

Appropriate profit target of 1pt.

Perfect exit after volume surge down.

Cons:

I made a mistake on adding to the position. I should have waited for more of a roll over, perhaps at 2:20 where it makes a minor high, then fails to hold it.

NFLX cover

Boom. Covered NFLX short here for 1 point on 2 lots.

NFLX short (increased size)

Added to NFLX short after the action went my way. Looking for a volume dump now.

NFLX short

Shorting NFLX here.

My rational is the double top given the high yesterday. It will be really easy to find out if I’m wrong.