We lost more than 17% on Netflix stocks. Till date, this is our greatest lost ever. An amount of SGD4,000 plus as seen below. I have yet to add the short interest fees. I would tune this post again where I will be sharing this calculator – how to calculate investment return?
3 Things we learnt from our huge Investment Loss – Netflix
1. Never time the entry price that it is high thats why short the stock. At the entry price of $353.60 on 31 May 2018, we short a total of 50 units.
2. When it got a chance to be lower than $353.60 on the same day or the next few days, we did not sell it. Greed took over us and we did not let go after hitting our threshold.
3. A huge potential stock that resulted in going higher and higher till today. We decided to let it go on 9th July 2018 before Netflix’s earning on 16th July 2018. During this week, it dropped till $398 but we sold at the price of $414.3.