Here’s Why It’s Important To Act Ahead Of Time
In highly volatile issues, it’s important
to be aggressive, but also disciplined enough to stick to your rules. It’s
great to have a trade go in your favor quickly. But, if you find your initial
game plan of taking profitable pieces off the table commensurate with your
initial risk being replaced by delusions of grandeur, you had better take a
picture, because your wonderful little movie might not be ending like the
originally intended script had called for.
12:40:27
Intraday
Setup Alert
Netflix (NFLX)
has reversed Friday’s large volume “drubbing”, as it trades up about 2
points at 21.18. Technically, the intraday action has set up a possible 1,2,3
short entry as the pattern retests prior resistance in the form of the prior
session highs, and the 50-Day EMA.
Remember to keep it “reel”, by using stops and
other proper money management techniques.