Well here is my first trade from my $500 account...
I decided to start with a small move from Amazon. I noticed that every time amazon made a new high, the sellers came in to push the price down. That meant that traders and investors were taking profits. The price seems to be heading higher as the price action shows it. This is a bold move to short it, but I am just looking for a two day move down to collect some profit. Amazon is overbought at this level and I am looking for a move lower tomorrow and I hope my profit target gets hit. Well, here is my order it is a simple one with no complicated layouts...
(AMZN) 24 Jan 14 (w) 400.00 Put / 2 Contracts / 2 Day Swing
Buy: $1.97
Profit Target: $2.97
No comments:
Post a Comment