NFLX Trade on Aug 16, 2021 09:32 from MichaelBLe: Tradervue User Stock Trades.

I took a too large of a position to start with. I didn't do the math quick enough. I'm trying to start my position smaller to minimize the initial risk. Instead of 50 shares, a more appropriate position would have been half the size honestly.

Part of me says to shed 1/2 of it and allow more wiggle room for the stock. Part of me says to keep it on and take the risk.

What I like about it is the initial volume coming into the name after 5 minutes of trading. Yesterday's first hour of trading showed large volume...
It's been consolidating for months now, like I pointed in the chart, it looks similar to NVDA before it made a huge run.

A couple things that I don't like on NFLX. The RS line is down trending. This is to be expected since it's been consolidating for a year...

The earnings growth slowed down this past quarter. I want to see explosive earnings and sales growth like UPST.

I decided to break up my stop into 2 orders. This will allow me to stick with this position for a little bit longer. Instead of getting out all at once.

6:49AM
NFLX continuing to show weakness. Took it off early as market participation is still in a few names. A pullback will send NFLX through my stops with no effort.