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4NFLX trade ideas

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
Netflix Analyze (Double Bottom Pattern)!!!Netflix made a Double Bottom Pattern near the Important Support Line; after that, it broke the Necking line with a candle with enough volume. I showed you the zone where you can take your profit. Netflix Analyze Daily Timeframe (Log Scale /Heikin Ashi)⏰ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
NASDAQ:NFLXLong
by pejman_zwin
9
NFLX Potential for Bearish Drop| 17th August 2022On H4, with the price is below MA and ichimoku cloud, as well as the MACD indicators are below zero, we have a bearish bias that the price may drop from the sell entry at 244.84, which is in line with the 61.8% fibonacci projection, 23.6% fibonacci retracement and pullback support to the take profit at 241.69, which is in line with the 38.2% fibonacci retracement and swing low support. Alternatively, the price may rise to the stop loss at 248.84, which is in line with the swing high. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
NASDAQ:NFLXShort
by Rockqet
4
Netflix Eyes the GapDoes anyone remember Netflix? After losing three-quarters of its value between November and May, the streaming-video stock may be trying to claw its way back. The first pattern on today’s chart is the bearish price gap on April 20 after the business unexpectedly lost subscribers. NFLX drifted for months after the selloff but is now inching back toward that area. Traders may look for price to fill the gap. Second is the tight price action since the subsequent report on July 19. Notice how pullbacks like July 22-26 have been very shallow, with NFLX remaining above its 8-day exponential moving average (EMA). That may suggest buyers outnumber sellers. This is also potentially seen in the relative strength index (RSI) holding against the edge of an overbought condition. Finally, you have the 50-day simple moving average (SMA). This line helped mark the uptrend a year ago, and the downtrend since December. NFLX has been above it for almost four weeks, which may also indicate a change in direction. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NASDAQ:NFLX
by TradeStation
3