Disney (DIS) A Menace to Traders

I was stopped out of Disney (DIS) – other than that, I had a really good day of trading yesterday. And it came from some random bank that honestly, I know nothing about. 

But that has been the difficulty with trading DIS of late – and I’ve traded it about six times this year, and only two of them have been for profit. That is not in line with my typical success rate when it comes to trading. So I have to take notice of that. I trade Netflix (NFLX) and while I find that stock to be one that is  difficult to trade, my success rate is still 80% so far this year (4 out of 5 times). 

And DIS does have its share of desirable trade setups, but every time it does, it tends to get knocked right back down again. 

It isn’t a stock that you hold long-term either, because over the last year it has traded noticeably lower. 

Going forward, that means, I have to play this stock much more carefully, and even pass up some of the desirable long or short setups it sends my way. When the stock just keeps getting hit with downgrades or bad news in general, that just makes it less desirable to trade. 

Take GoPro (GPRO) for instance. The stock has what appears to be a nice bounce opportunity, but that company is consistently getting hit with bad news, or downgrades, etc, which makes the reliability of technical analysis much more difficult. 

So know the stocks that do not like to play by the rules, and try to avoid them as much as possible.