SIM DAY #9
Shares traded: 600
Closed P&L: $144.00
$AMZN had neared it's low of day, and began to make a higher low on a 5 minute candle chart. I anticipated the reversal of the downward trend and looked to long the stock. Scaled out taking profits quickly, as that appeared to be my theme for the day as a whole, due to market behavior.
Execution detail:
@Sayed I agree. I did short the bounce also, just didn't have great entry and exit points on it. I didn't trust the stock this morning so I was scaling out quickly. But in a earlier shared post, you can find the short play on $AMZN. I believe I shorted it a couple times this morning.
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Easier trade was short the bounce.