Shared by
handycandi_BOWS
Bought when broke flag. Maybe I mis-drew the trend line. Sold when it dropped back into flag and dropped below 9SMA. I have no idea why this didn't work. I'm pretty close to my max loss for the day, but I don't want to be down for the week. I'm going to take a break to regroup.
Longed again because it made up the loss below, and it was going up. Stupid reason, I was being vengeful. Now that I'm in, setting stop below 9SMA. Stopped out.
Execution detail:
| Date/time | Symbol | Side | Price | Position |
|---|---|---|---|---|
| 2014-07-11 10:36:10 | AMZN | buy | $342.550 | long |
| 2014-07-11 10:38:28 | AMZN | sell | $341.500 | 0 |
| 2014-07-11 11:00:43 | AMZN | buy | $343.070 | long |
| 2014-07-11 11:13:58 | AMZN | sell | $342.250 | 0 |
Comments
Nape_BOWS
Agree. This stock ran up so much in the morning I would have like to see it consolidate for a while before determining an entry point. Maybe an eod run if the overall market can rally a bit.
kunal00
HMMMM i dont really see amazon as a stock that moves 30-40 dollars in a day.. it would seem illogical to buy this even if there was a falg
and ur first trade was not a falg or a setup ! think thse thorugh!
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I've noticed that when a stock runs so hard so fast, it will take the rest of the morning to digest the gains. It will run again after 1:00 pm.