[Stocks] [Trade] Trade update #3 . Netflix dropped but so did my portfolio.

Please refer to previous trade updates to fully know what I am doing here.

To recap I had $27 in my real trading account for the month of May and I had planned to trade in gold for the next week but couldn't hold myself when I saw a delicious opportunity yesterday.
Read more below.

---

The Redness

---

If you were even a tad bit active and monitored the U.S stock market then you'd know that Netflix after it's result declaration took a nose dive from around $350 per share to $250 in a matter of just days.
Results were very negative not because it reported a loss but it reported a negative subscriber growth.

See below .

---

I shorted Netflix at 206 yesterday, hoping it would go down more but currently it is going the wrong way at the moment.
Market closed at $210.

The whole market was in swings yesterday with my floating P&L ranging from $15 in profit to $15 in loss finally closing in red. I was really close to wiping my account as well BUT I am pretty certain that there is absolutely no reason for Netflix to show any kind of strength or investor confidence after the disastereous result.

Strategy

---

I know that the current $27 that I am playing with aren't safe with the kind of aggressive trades I am taking so if I am lucky with this trade I will be taking a brake from trading till 1st week of May probably. Will keep y'all updated.

Upvote and comment on this post to support my blog. It means a lot. Any suggestions or tips are welcomed as well.

Take care. Peace out.

Source

Posted Using LeoFinance ^Beta