NFLX Entry, Volume, Target, Stop, Resistance

When price clears: 379.43
With daily volume greater than 9.4M
Target: 452 area
Stop: Depending on your risk tolerance; 355.22 gets you 3/1 Risk/Reward.
Resistance: 396 area

This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.

Note

Has the price and most likely will get the volume today. I haven't entered yet but only because I feel like I'm chasing it at this point.

Trade active

Started a position.

Note

Sold 1/3 today. Why? I'm 1/2 way to my target (I often sell 1/3 when I'm 1/3 of the way to my target and another 1/3 when I'm 2/3 of the way to my target). Stocks don't always keep going up so I just gave myself a good chance of breaking even at worst on this trade - a bit of an insurance policy. Sell into strength.

Note

I entered a 1% trailing stop on 1/2 of my open position (1/3 of the original position).

Note

Sold 1/3, will let my final 1/3 ride as long as I can.

Note

It's pretty stretched and probably ready for a pullback. I decided to close my position. Paid my Netflix subscription for many years to come. :)

Note

I will sell my remaining position at 452 or before earnings - whichever comes first.

Trade closed: target reached

I'm out.

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