redwingcoach

It may be a touch early to take this trade, but I"d always rather be early than late on AMZN trades. This particular setup isn't exactly like the first 2 ideas I posted about AMZN, but it's been very profitable in general, even if it hasn't done that well on AMZN recently. That said, results of trades tend to mean revert just like stocks usually do (at least mine do). Since the beginning of 2024, there have been 45 signals for AMZN using the method I'm using today. 43 of those produced wins, while 2 are open and losing (down 12% and 8% respectively). I'm not worried about those 2, because over the long haul, those losers eventually become winners almost 100% of the time, it's just a question of how long it takes. I just closed a RDDT trade today that's been open since Valentine's Day (see my ideas for details on that) that when tactical DCA and quick closes of them were factored in, made 6x the long term average daily return for stocks while RDDT only went up 3%. AMZN has a longer, better track record of recovery than RDDT, so I'm not even a little worried about my money here. The average gain and trade length over these last 19 months has been kind of spoiled by those losers and a couple of other lots that took a long time to close and made almost nothing. The average trade here took just under 13 trading days and yielded only about 2.26%. That's not great for me, but a) it's still a daily rate of return (.178%) about 4x the long term average of stocks, and b) 75% of the trades produced an average daily return better than that. Additionally, AMZN is still above its 200d VWAP and money flow is at its lowest levels since November. While not perfect, low money flow levels in a stock like AMZN does a pretty good job of, if not picking a short/med term bottom, usually getting you closer to it than not. 71% of these trades closed in a week or less, so that is my goal here. If it's longer than that and AMZN throws off another buy signal, I will add accordingly, though additional lots will be exited at the first available profitable close. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation.Out at the close at 222.31 -- a +5.02% gain in 2 trading days. I love AMZN, I really do.Trade results for my records Wins 1 Losses 0 Avg gain per lot = +5.02% Avg holding period per lot = 2 trading days Avg gain per lot per day held = +2.51% Annualized RoR = +633%