NEW: Live classes are posted - Click here to see the calendar!

Don’t Have Ants in Your Pants for NFLX Today!

October 3rd, 2012

Many amateur stock  traders probably felt that Netflix was tempting today. It was temping! The stock jumped 10%+. Over $6.18 a share. If you enter the stock long in the morning, I applaud you. But one thing to remember is that when you are in the jungle you are just gambling. Be patient in the morning and make sure the volume is there. With NFLX it was (to some degree). So the next question is where is the big money heading? Well.... that is anyone's guess.

Check the weekly chart below: 

The stock was toast after it hit $300 per share and then rode down to around $56. Ever since then it's been struggling. Although today was the first day that it broke a descending trend line if you look at my chart above, but that's not something to rave about.

Billions of dollars pushed the stock down. So be patient and wait for a second day to confirm the move if you are looking to go long. I believe this could be just a short covering due to the amount of shorts there are in the stock but only time will tell. Stay patient as 1 tick does not make a trend. If you were a day trader and got the move - great. If you are a swing trader that likes to hold for days, weeks, or months on a longer time horizon, why not be patient and wait for confirmation? Whats the rush?

Author: Sasha Evdakov

Sasha is the creator of the Tradersfly and Rise2Learn. He focuses on high-level education speaking at events, writing books, and publishing video courses on business development, internet marketing, finance, and personal growth.

I'm Sasha, an educational entrepreneur and a stock trader. In addition to running my own online businesses, I also enjoy trading stocks and helping the individual investor understand the stock market. Let me share with you some techniques & concepts that I used over the last 10+ years to give you that edge in the market. Learn More

Join over 31,258 regular people who are bettering themselves in the stock market.

Click Here to Sign Up

This is a community that is motivated to learn & improve their skills.
Join us and get free training lessons, freebies, and exclusive promotions.

want some helpful advice?

pay per minute coaching

I am scheduling helpful coaching sessions for people who are interested in real-world advice & guidance where you only pay per session. No long term commitment required.

Learn more
This website and content is for information purposes only as Rise2Learn, TradersFly, and Sasha Evdakov are NOT registered as a securities broker-dealer nor an investment adviser. No information herein is intended as securities brokerage, investment, tax, accounting or legal advice, as an offer or solicitation of an offer to sell or buy, or as an endorsement, recommendation or sponsorship of any company, security or fund. Rise2Learn, TradersFly, and Sasha Evdakov cannot and does not assess, verify or guarantee the adequacy, accuracy or completeness of any information, the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The reader bears responsibility for his/her own investment research and decisions, should seek the advice of a qualified securities professional before making any investment, and investigate and fully understand any and all risks before investing. Rise2Learn, TradersFly, and Sasha Evdakov in no way warrants the solvency, financial condition, or investment advisability of any of the securities mentioned in communications or websites. In addition, Rise2Learn, TradersFly, and Sasha Evdakov accepts no liability whatsoever for any direct or consequential loss arising from any use of this information. This information is not intended to be used as the sole basis of any investment decision, nor should it be construed as advice designed to meet the investment needs of any particular investor. Past performance is not necessarily indicative of future returns.