Trade Recap: $AMZN | 43% gain in 30 minutes
Today I took $AMZN calls using a strategy @SRxTrades and @ohiain taught me.
These 2 charts are the 1-minute and 15-minute timeframes for reference.
Here's the strategy:
Amazon undercut the 5/19 lows this morning and created what we call a 15-minute pivot. A pivot is when a stock hints that it wants to reverse in a different direction. The best part about pivots is that you can enter a stock that is red, knowing that you are not trying to catch a falling knife. I was able to identify this 15-minute pivot AFTER it swept the 5/19 lows and immediately took this trade, knowing my risk was LOD—which is SUPER tight and a no-brainer trade for me.
This trade did not have one second of drawdown, and I was able to manage my position at a 5:1 R/R.
Thank you to Sean and Iain, who have taught me this strategy - and like this post if you want to see more of these recaps!
Trade Recap: $AMZN | 43% gain in 30 minutes
Today I took $AMZN calls using a strategy @SRxTrades and @ohiain taught me.
These 2 charts are the 1-minute and 15-minute timeframes for reference.
Here's the strategy:
Amazon undercut the 5/19 lows this morning and created what we call a 15-minute pivot. A pivot is when a stock hints that it wants to reverse in a different direction. The best part about pivots is that you can enter a stock that is red, knowing that you are not trying to catch a falling knife. I was able to identify this 15-minute pivot AFTER it swept the 5/19 lows and immediately took this trade, knowing my risk was LOD—which is SUPER tight and a no-brainer trade for me.
This trade did not have one second of drawdown, and I was able to manage my position at a 5:1 R/R.
Thank you to Sean and Iain, who have taught me this strategy - and like this post if you want to see more of these recaps!