Overextended daily
Smart(er) investors long from few days ago might be locking gains after quick gains in the pocket.
When the stock picked and made new daily high , the RSI was already into downtrend from its high, so I was waiting for that divergence. Then I timed the entry by chart, calculating 1:2 risk reward and short 1.21 with cover 1.13 for 8 cents gain by risking 4 or less. I could have easily exited with less then 4 cents loss if I sew buyers are loading up. Luckily that was not the case and longs were taking profits.
ZBB short 1.21 cover 1.13 RR 1:2 ( RSI )
ZBB EOD
NFLX this is when I alerted it a seconds after my entry. Do not try to shadow trading or copy my trades.This is only for educational purposes and I tweet real time so I do not over-trade, and I avoid any stupid without explanation trades.
NFLX aas very similar to ZBB, just much higher priced stock then ZBB
NFLX the short
NFLX the cover
NFLX EODStay green and stay disciplined
Salute !
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