AMZN Short Short

Amazon.com, Inc.NASDAQ

Description

⋅ Nov 28, 2018 4:07 PM

Short based of channels and fibs

My Entry: 1600.00 (any entry above this is fine)
Stop Loss: 1650.00
PT: 1440.00 area
Risk/Reward: 1:3.4

⋅ Nov 29, 2018 8:55 PM

Stopped Out @ $1650.

Comments

Growthy

⋅ Nov 28, 2018 6:40 PM

Hi, if it breaks above the stop which it has for a small while, does this possibly mean to enter a long or to be cautious?

craig_percoco

⋅ Nov 28, 2018 6:46 PM

@Growthy, I won’t be flipping my position, because this push was a result of the huge move the dow made, I don’t think it will be long lived

David_Scott

⋅ Nov 28, 2018 6:52 PM

@craigjpercoco, This move is a result of the FED rate projections change today. I've been short Amzn but it's now headed back up towards 1,800+

craig_percoco

⋅ Nov 28, 2018 6:53 PM

@Dedeburn, facts. I agree it was either going to flop or carry through that’s why I stopped out. Good shit on the short

Growthy

⋅ Nov 28, 2018 7:00 PM

@craigjpercoco, @Dedeburn, Thanks for the update. My long yesterday paid off extremely. Let's see what this Friday / weekend brings to the market.

craig_percoco

⋅ Nov 28, 2018 7:01 PM

@Growthy, exactly, and I’m glad to hear that. Stay safe and stay green