AMZN Trade on Feb 24, 2016 06:55 from ASJ: Tradervue User Stock Trades.

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ASJ

 

I don't know what it is but I knew that AMZN was going to trend down immediately at the open but I did not take advantage of this, it may be due to lack of experience or hesitation but I missed a good short opportunity in the open. However, I have learned that most stocks once it hits its highs or lows for the day that it will eventually pullback up or down (at least what I've seen). So, this setup I used on AMZN is almost like a mini rubber band oversold pullback bounce. I waited for a pullback bounce from its lows (535) and when it went green I bought @ 535.06, covered 1/2 @ 536.05 and sold the rest @ 536.92.


Execution detail:

Date/time Symbol Side Price Position
2016-02-24 06:55:08 AMZN buy $535.060 long
2016-02-24 06:59:13 AMZN sell $536.050 long
2016-02-24 07:02:14 AMZN sell $536.920 0


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