AMZN: Weekend Review

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Took an AMZN short late Friday. My analysis of the trade and thoughts on whether it was the right or wrong trade.

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تم فتح الصفقة

Still in this, but bounced hard today with the rest of the market. Couple lessons learned here:
1. Do not buy a high theta name on eod Friday. Two days of theta at ~1.50, had me down ~3 even at the dip to 1500 today.

2. Do not play a strong name countertrend at support levels. The cloud showed its strength here and I got smoked.

I did not close this trade yet, as the week is young, but considering this a loss.

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أغلقت الصفقة: تم الوصول للهدف

Closed position on the 1400~ test. 400% gainer. Fun game we play