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IvanLabrie
Aug 31, 2016 1:22 PM

NFLX: Going short here Short

Netflix, Inc.NASDAQ

Description

I have been looking to short NFLX, and after my stint with it failed, I think Tim West's reccomendation makes a lot of sense.
He's been holding shorts from considerably higher, and had posted about it in the 'Key Hidden Levels chatroom' recently once again.
You can refer to his publications for more information, or ask questions in chat if you have any.

My trade entry is as follows: short at market stop, stop at 103.57, risking 1% of capital on it.

Good luck if taking this trade.
Cheers,

Ivan Labrie.

Comment

Average the entry here with the same stop. 97.93

Comment

Trail stops to 100.33
Comments
Brandon_Unglaub
What about the idea that this is a descending triangle, and it broke through on the upper side?
IvanLabrie
I don't use those patterns so I wouldn't now what triangle you speak of.
edmunch
What does really mean "short at market stop" ?
IvanLabrie
Made a typo, my brain made me type stop twice..."short at market, stop:"
edmunch
It makes sense now, thanks!
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