AMZN

AMZN is one of the most iconic stocks -- and it must be studied to understand how it ran, where to buy and how to own it.

Infant Stage:




How I would have traded First IPO base



The Breakout of that First IPO base:




Exiting the IPO base breakout buy:

AMZN
Got really extended from the entry and well above the 10ema - That's an exit for me.




Round 2:



Exit:




Next entry and exit:






Next entry:
Slingshot, but likely would be stopped out with small loss.








AMZN Next Breakout




AMZN blow off run:

January Trading review

January:

 Assessment: B+

I did a very good job of managing my downside.  My biggest loss was only about 800 < than 1% equity -- and given I got up to nearly 200% long at times,  so that's saying a lot.  My biggest winner (COUP)  is over 5X my biggest loss (and still riding).

My mistakes were selling too early in some of the earlier trades I took this month.  Indeed one of my early positions was $CGC (Jan. 9) with a $32 entry.   I was out entirely by $37.  I go both ways on that trade, on one had that gave me some gains which provided the foundation to be able to spar with the market as it consolidated and moving averages in my stocks were tested.

I made it it a point to trim positions as I had gains on spikes.  And, I executed that plan-- although it would have been nice to have the types of gains that a full position in COUP would have provided, I have no regrets.

My absolutely worst trade- and biggest mistake was selling covered calls on TWLO.  That stupid decision cost at least $2k.

My Win rate was at 65% which is historically well above average so that's a warning for me, the correction is coming- don't get complacent. 


Feb. GOALS

Manage expectations,  Don't try to do to much,  use opportunities and rips to step off the gas.  Key into AMZN, GOOG, NFLX

Earnings Gapers to watch: XLNX, NOW