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NFLX34 trade ideas

Netflix trend reversal is just around the cornerDuration: 2-3 months Target: $260 Potential of the idea: 19% Stop order: $209 Technical analysis The stock price is approaching the local support line. It is an idea to buy the stock with the target price of $260. With a 10% position volume and a stop order at $209, the risk on the portfolio will be 0.43%. The profit/risk ratio is 4.43. Fundamental analysis Netflix , Inc. - the U.S. company that owns the streaming movie and TV series service of the same name. The company announced that starting Nov. 1 it will launch a cheaper subscription option in several countries (U.S., Canada, U.K., France and Germany) for $7-9 per month. The move will help expand its user base and increase customer retention rates. If you're not ready to invest on your own yet, we recommend that you carefully study the Sirius Brokerage House website, read and familiarize yourself with all the information.
NASDAQ:NFLXLong
by SiriusBH
Netflix breaking down? Netflix Short Term We look to Sell at 220.83 (stop at 236.96) Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. Price action looks to be forming a top. We look for losses to be extended today. The medium term bias remains bearish. Our profit targets will be 170.19 and 164.87 Resistance: 248.70 / 329.82 / 333.22 Support: 207.41 / 169.70 / 164.28 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NASDAQ:NFLXShort
by Saxo
2
NFLXNetfix (NFLX) has been consolidating between $252 and $221 since middle of July 2022. A daily close above $252 could form a bullish cup and handle pattern that stretches from middle of April 2022 until to date. Prices could potentially rallied towards the $333.22 level, which was the last traded price before current’s breakaway gap. In contrasts, a daily close below the $221 level may provide short selling opportunities with a potential retest of year to date low of $162.71. Its current MACD deadly cross suggest bearish momentum still persists in the market.
NASDAQ:NFLX
by Boring_Trader
2
Trading Insights #3: Mastering Your Mind Debriefing In the opening two parts of our Trading Insights Series we evaluated the importance of probability and random distribution, and then covered some key misconceptions relating to technical analysis and price movement. We recommend you start at part one and work your way up, but this entry can stand alone. Intro Your mind is the most powerful piece of the puzzle when it comes to your trading success. Without developing the mentality of a pro trader, you will never achieve the results you desire. When it comes to mastering your mind, we can think of no one better to draw influence from than Buddha. In this entry to the series, we intend to turn back the clock to see if we can glean some valuable insight and apply it to our trading endeavors. Trading Pitfalls There are several pitfalls most aspiring traders fall prey to when operating in the market. In our analysis, there are two categories of trading errors. We define these as conceptual errors and execution errors. While it’s tempting to focus on execution errors, we’ve found that addressing conceptual errors simultaneously fixes execution errors. Conceptual errors stem from inappropriate ideas about trading. These errors are: 1. Not believing you need a defined strategy 2. Blaming the market for your failures rather than taking responsibility 3. Trying to get rich quick by trading in an aggressive and reckless fashion 4. Not viewing your trading exploits over a set of trades and over-emphasizing individual trades Not believing you need a defined strategy This is one of the most common and difficult to break trading habits. The market is a limitless environment where you can do whatever you want, whenever you want. Many traders enjoy this type of freedom and struggle to develop or follow trading rules. Some traders say they recognize the importance of a defined game plan, but when it comes down to it they don’t embody or act out a belief that rules are necessary. By not having a gameplan, or not following your game plan, you will never allow yourself to find out what methods work best for you. When you factor in random variables based on your momentary perception you prevent yourself from learning what variables give you a real edge on the market over a set of trades. Many traders develop a plan, but when the moment comes they fail to execute their plan. This cycle tends to repeat itself over and over. “An idea that is developed and put into action is more important than an idea that exists only as an idea.” —Buddha It’s time to embrace action, not ideas. Create a plan and follow it for 20 to 30 trades. If the results are not what you hoped for, come up with a new plan, and try again. When you find something that works, stick with it until it doesn’t. In this way, you will learn, with a degree of certainty, what method produces the desired results. Blaming the market for your failures rather than taking responsibility for your actions Many traders fall into the habit of believing the market is responsible for their success or failure. The market is a dynamic sequence of events that has no feelings or emotions. It goes up, and it goes down. The market does not exist to make you a winner, just as it does not exist to make you a loser. If you depend on the market to make you a winner, the market can take your success away. If you trade like a gambler and the market gives you a series of winning trades, the market will eventually take the money back. Once you realize it’s up to you to get what you want from the market you will embrace the appropriate amount of responsibility. “It is better to conquer yourself than to win a thousand battles. Then the victory is yours. It cannot be taken from you, not by angels or by demons, heaven or hell.” —Buddha When you take a huge loss, it’s not the market's fault — it’s yours. The contradictory component here is that if you find yourself in a huge winning trade it’s not necessarily because you’re a great trader. Anyone with any degree of skill can stumble into a big winning trade, even a complete amateur. Therefore, big losses beyond what you define as acceptable are your fault, but big winners beyond what you can imagine are not a product of your ability. Why? Because you could have prevented the loss by using a risk management plan, but for the winner, you just happened to enter at the right moment and there is no guarantee it will happen again. Professionals don’t allow themselves to believe they are responsible for big winners — they understand it was just an occurrence of the behavior pattern that gives them an edge on the market and the next trade could very well be a controlled loss. If you believe that a single huge winning trade is more important than a consistent mindset you are missing the big picture. When you master the appropriate mental techniques the market cannot take your success away. You will keep the gains you make and you’ll have the ability to keep winning in a consistent fashion. It’s time to take responsibility and conquer your mind. Trying to get rich quick by trading in an aggressive and reckless fashion Many people get into trading because it seems like the easiest way to make money. In addition, they think it’s their ticket to quick riches, almost like winning the lottery. Indeed, a select few individuals have been extremely lucky and have gotten rich on pure gambles in the market. Yet, if these people kept trading in the same reckless fashion they were not rich for long. There are many high-risk ways to trade the market and inexperienced people are drawn to these methods by the lure of some fast life-changing cash. “Patience is key. Remember: A jug fills drop by drop.” —Buddha There are 252 trading days in a year. If a day trader can consistently earn just 0.5% on their account per day, they can gain 125% in a year. Alternatively, if a swing trader can earn 1-2% per week, they can gain 50 to 100% on their capital in the same period. Any money manager would be ecstatic to produce such results. If you cannot consistently earn 0.5% per day or 2% per week, what makes you think you can earn 100% in a month, and keep it? If getting rich trading the market was easy every retail trader who attempts to trade would be rich. Not viewing your trading exploits over a set of trades and overemphasizing individual trades Nearly every trader has the tendency to view each trade in a vacuum. In other words, each trade either proves or disproves the trader’s methodology or ability, and determines their emotional state. Any trade that does not meet the trader’s expectations causes frustration and mental distress. The problem is, that no trading system tells you what will happen on any given trade. A trading strategy only gives you an approximation of what you can expect over many trades. There is no other way a strategy can work. You must view each trade as a part of a set — this is what it truly means to think in probabilities. “Nothing ever exists entirely alone; everything is in relation to everything else.” —Buddha When you have a methodology that gives you a positive expectancy, you must learn that you will never know in advance which trade will work. Each trade has its own unique outcome but also exists as a part of many trades. When you have a system that tips the odds in your favor, you must view the big picture and not let losing trades affect your positive mindset.
NASDAQ:NFLXEducation
by Level8Trading
3