@EternaLEnVy1991 It’s has to be both, flaws in strategy and psychology but, I think psychology is the bigger factor in this situation. It was the same with KQ that caused him to DD 60 million.
As I do my weekend scans I see a lot of stocks that were leaders are breaking down below their respective 50ma to their 200ma. I would signal caution for the market overall at this spot.
NFLX has been one of the best performing large caps throughout this run from the index lows. The best entry was on 4/21 the day after earnings when it broke over the wedge. This chart signifies why it's important to be ready for earnings plays and the delayed ep according to PB.
CVNA- Announces record 1Q 2025
Industry leading 46% YOY retail unit growth.
Record Q1 Net Income of $373 million, record net income margin 8.8%.
Record adjusted EBITDA of $488 million drives industry-leading 11.5% adjusted EBITDA margin.
I try to stay away from looking at charts when the breadth and action is this weak like today. When the market is strong, there would be couple 200%+ runners and/or few 100%+ or close to 100% in the watchlists. Not seeing such runners from past few weeks except one here and there.
Trading is all about dancing with the markets. The wind does not break a tree that bends. Be flexible and adaptable!
@TheShortBear I think people are looking at this entirely wrong. The Fed usually starts cutting because the economy is already weakening, not because the economy is strong. So until that happens, i.e unemployment rises sharply, growth slows tremendously, certain bubbles crack, don't expect cut
@TopGirlKeiko The man they "called" Jesus went missing at the age of 12 and resurfaced at the age of 30, then died at the age of 33. Those missing 18 years of his life is when he was introduced to and started studying masonic teaching's. He was murdered for revealing secrets.
While other noteworthy names worth mentioning include $NET, $DDOG, and $SPLK, in my opinion, the aforementioned five companies are much closer to their pivotal levels.
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Have a good weekend ahead!