Why daytrade any other stock other than NFLX? This is why I stick with NFLX
Because there are 2 scenarios with NFLX every day:
Scenario #1: Bubble stays inflated with its intraday spikes, dips, rallies and few & movement up & down all day long.
In this scenario, you can daytrade both ways and make daily profits, lock the profits before 4 pm and have a good night's sleep and you can do it every single day until the bubble stays inflated and Scenario #1 lives on...
Scenario #2: The bubble bursts on some news some morning in the premkt, news that will just serve as a catalyst for namesake to burst the bubble. I dont know, hypothetically speaking, lets say if the co. announces a bazillion secondary shares at $110 or say IF SEC charges the CEO, or say House of Cards falls flat & competitors blow NFLX out of the water, or if the market itself corrects drastically and we race into a bear market.
So if you get Scenario#2 some morning in pre-mkt, your trading opps are OVER and I will never daytrade calls on NFLX as then it will have entered a Bull Killa mode as there will be no bottom in sight, just like right now there is no top in sight since it is in Bear Killa mode.
So with those two scenarios, why trade any other stock any day of the week????