11th Oct 2011–A perfect Bull Trap !

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
	134				Even	5 days

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. Stop loss triggered!

 

Lesson Learnt:

 

1. Don't rush in when your holding stock gap up especially  after it has gone down so much. The bear camp might not be done yet.
2. This is such a good example of Bull Trap !!!
3. Looking at the intraday chart again, I should have move the stop loss much higher immediately after the gap at the opening.
4. Picking bottom is always a risky business, stop loss is just too important.
5. Should I go short next??!!

 

Intraday Chart

Historical Chart

9th Oct 2011–Will this be the last sad song for NFLX?

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses	Duration
113.00				114.00 (adjusted)

 

Reason for Buy / Sell / Sell Short / Buy Back:

 

1. After all the huge dropped, price seems to stable at Fibonacci level of 61.8% of weekly chart.
2. Intraday shows that price started to tag along the 20MA and 50MA lines.
3. After all the heavy and high volume dropped, volume started to cool down.

 

Lesson Learnt:

 

1. Be very careful. This can be a falling knife at any time.
2. Stop loss point has been adjusted immediately after the price raised above $120.00 for capital protection.

 

Intraday Chart

Historical Chart

4th March 2011 – Pattern Study –Take a guess… BEAR or BULL?

1. Standing on the fence and keep watching.

 

Lesson Learnt:

 

1. Is this a BEAR (punch thru trend line downward) or a BULL (50MA line) case??
2. Watch carefully.

 

Intraday Chart

Historical Chart