Trade AMZN on July 26th

Status
Not open for further replies.
Quote from smilingsynic:

I noticed that you did not post any stop levels when you first mentioned your short. What would you have done if AMZN kept going up? Remember, it bounced up to around $28, which was over your initial entry, before heading back down.

As for me, I shorted after the rally failed. My stop is a good buffer zone above today's high and I hope to hold for a day or two at least, as I think there will be some decent institutional selling as some question AMZN's business model and then decide that it's time to dump the stock. I have no profit target at this point.
More...

i have a soft alert at 30c. i was adding 6000 shares, but not filled.
i look more at the chart rather just a simple stop. i have 700k day power, and i only used 6000 so only 175k used. i can average down. i will put a hard stop at my last average down. any way. difficult to explain my risk management now.
 
Quote from qll:

bought 2000 amzn 27.89
More...

sold at 27.75. lost 14c or $280
was waiting for a bounce in down trend. but it was just pause.
it is my fault to enter a long in a bearish stock. they are so short lived.

well. today is over for me on amzn. NO MORE Mistakes!

waiting for tomorrow's earning play....
 
Quote from smilingsynic:

I hope to hold for a day or two at least, as I think there will be some decent institutional selling as some question AMZN's business model and then decide that it's time to dump the stock.
More...

I am excited to see..I was thinking it will get even lower tomorrow morning and will then start a small recovery..Much like yahoo did the other day...I love watching this stuff. :)
 
Status
Not open for further replies.
Back
Top