AMZN = LONG @ 764.42.
- Thread starter eganon69
- Start date
Nice day, today! Keep it up, AMZN.
Yep,...
My add on (0.25%) order did not get filled today. I think I have a chance to fill at a better price soon so will lower my add on price to $769.59. I expect a slight retrace to that level before bumping higher. If it never fills no big deal. First position (0.75%) was at $759.13. So far already made up the loss from original order where I got stopped out.
Yes, good move for today. But now AMZN is a good hold, not a buy.
Your original call was perfect. Too bad that stop was a hair too high. Other than that... a thing of beauty.
Thanks. Actually I was stupid in my stop loss placement on the original trade. I have a method where I subtract a multiple of ATR from the recent low and instead I subtracted it from the entry price.....dumbass move on my part and ended up placing stop at $754.54 rather than $750. Had I done that correctly I would have had a winning trade. Anyway, so far this trade has made up for that one and I expect it to move significantly to $800ish within 6 weeks.
I will disagree with Jamie J that this is a hold now. It has only moved a few percent since purchase. I believe we will see a small retrace tomorrow and expect to add on (0.25%) if $769.59 is hit.
yeah, I am not buying either now. I still have some shares bought @603.
It's probably the safest option for now.
