NFLX Archives | Bulls on Wall Street

Trading $NFLX (Netflix) During Earnings Season

Kunal Desai — Sat, 22 Apr 2017 16:57:33 +0000

Earnings season is our favorite time to trade. It’s when traders can experience some wild moves for some of our biggest winners of the year. On April 17^th, NFLX announced its quarterly earnings. Now a good earnings report would cause the stock to gap up strong. But NFLX opened flat, which means this stock wasn’t getting well received. As soon as NFLX shows weakness and cracks on support, that’s the spot to nail this stock short.

$NFLX During Earnings

On the 1 minute chart, NFLX broke underneath the $146.30 level. Once it did, we entered for a short at $146.10 with a stop at the high of the day. Immediately the stock tanked and we covered into the flush at $145.20 and $144.96. A few minutes later NFLX put in a bear flag setup and we reshorted the stock at $145.80 and covered at $145.31 and $145.4.

After the drop, it bounced back to support and we took it short at $146.10. We covered most of our position into the flush at $145.54, $145.47, and $145.11. These areas were near the VWAP but we kept a few 100 shares for the spike down.

But just because NFLX had a great move on earnings, doesn’t mean you should take it off of your watchlist. We nailed it again on Day 2. When NFLX spiked first thing in the morning, it faded off right into resistance. As soon as it flushed underneath the moving averages we took it short and covered into weakness. Every time NFLX popped into the VWAP, I reloaded my shorts with a stop above rode it down. Each time it broke below support I also added my position and covered into each flush while keeping some of my core position.

Remember, with earnings plays like this its important not be afraid of high priced stocks like NFLX.
In the last 2 days, it puts in just a tremendous range. But by trading with the appropriate size, it’s easier to manage your risk and you can also have $1000 days. Earnings plays are great because these stocks will always have order flow independent of the market. It will have its own range and volume and by marrying your technical factors with the fundamentals you can always nail these trades.

If you’re not sure of the steps and practices that we’re talking about you can learn them all here at our Bulls Bootcamp. We’re having an exclusive spring time bonus for our intensive 60 day course where we teach you exactly how I trade and why for only $2300. Not only that, our bonus also includes 6 months of free chat access and a Special Live Platform Setup Class on May 1. This deal is only for a limited time so to learn more or signup, email me at kunal@bullsonwallstreet.com today!

The post Trading $NFLX (Netflix) During Earnings Season appeared first on Bulls on Wall Street.

How I am Thriving During the 2015 Stock Market Crash

Kunal Desai — Mon, 21 Sep 2015 20:01:54 +0000

Whenever the market is choppy or bearish, I get a million questions about how I’m surviving.

“How much have you lost?”
“Have you blown up?”
“Did you get killed in the market today?”

The truth is, I thrive during market volatility! Today in particular, I made $5500 trading names such as $vblt $fit $nflx $tsla $ziop etc…

See, that’s what non-traders and struggling traders don’t understand: just because the market isn’t doing well, doesn’t mean you can’t make a ton of money. One of the great things about momentum day trading is you don’t have to ride the Dow into the ground like the big Wall Street funds; a good day trader is agile, taking advantage of whatever the current market environment is to make money. Make your money on what’s hot until it’s not – then move onto the next thing. It works equally well – sometimes even better – in a crashing market. Why? Because there is a ton of volatility, which day traders thrive on!

Now I know a lot of you are looking at all the red on your screen and doubting your future in the trading business. I used to be in the same position, stressing over what the talking heads on CNBC were saying and wondering how much money I’d lose when the $SPY took its next nosedive. But over time I developed a system to not just deal with market volatility, but to OWN it. While I like to post free content, like this video I just did on trading exhaustion gaps,

I really dig into my system in the 60 Day Trading Bootcamp. In the Bootcamp, I go over every single aspect of my trading system in live webinar sessions, then make sure you remember it all and learn how to actually apply it with homework, quizzes and a simulator. You’ll leave my classroom with the skills and confidence to tackle huge down days with a smile on your face and dollar signs in your eyes.

Of course, nothing beats learning live, right? If you’ve seen any of my photos, you know I play as hard as I work.

So you’ll be excited to know that you have TWO opportunities to see me in Las Vegas in the next two weeks!

The first event will be September 25th – 27th. Traders4ACause is a charity founded by Nate Michaud, AKA InvestorsLive, to raise money for several great causes. Once a year, Nate brings together a panel of awesome hosts (including yours truly!) to share their trading knowledge. You can learn more, and register, HERE.

After that, I’ll be speaking at the Trader and Investor summit, which runs from October 3rd – 5th. I’m thrilled to be included in this three day, info-packed event! I’ll be speaking alongside some great traders and educators, including host and founder Timothy Sykes. To learn more, or register, visit the Trading and Investor Summit page.

Feel free to email me kunal@bullsonwallstreet.com if you have any questions. See you soon!

The post How I am Thriving During the 2015 Stock Market Crash appeared first on Bulls on Wall Street.

Market Speculator Part-Time | Swing Trade Report

Paul Singh — Tue, 21 Oct 2014 23:37:03 +0000