IT’S ALL ABOUT THE VOLUME
If you are confused as to why you don't see a "Trade Update" on the site despite IPCM hitting the long side trigger...it's listed under rule #2 here.
If the volume isn't there, I very simply walk away from the trade. I have found that, generally speaking, a lack of volume opens the stock up to retracements, fakeouts, whipsaws...call them what you want. Volume is what creates the momentum to get stocks out of their respective congestion areas.
As for NFLX, I am not putting that on until the final hour of trading Monday. It is an earnings play. Only for those who like to drive fast and take chances. I will do these once in a great while, when I feel the odds are heavily in favor that I will be right. I think this is one of those circumstances for the reasons I outlined in this article.
