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Practice Trade

Posted by TCB 
TCB
Practice Trade
August 26, 2014 11:18AM
Did anyone see or trade AMZN today? I did a paper trade on it. I saw the HRFP on the 21, and 34. It had the E on the 21, & 34 and also on the 10. ADX was turning up on 21,34, & 55. Moneyflow was going up on 10. I spotted this later and entry was around 10:40 and was wondering if I might have been to late but tried it as it was a practice trade. According to the 10 E chart a better entry was around 10:20. Price of the weekly 337.50 calls were @ $3.15 and sold at around 11:30 for $6.50 and the high of that option was at $7.02 at 11:30. A concern I had was looking back at the big opening red candle off of the 10 and the 2 red opening candles off of the 21. They didn't seem to play a difference while the indicators were there and momentum started to carry it upward. AMZN had a great run, wish it had a been real money.smiling smiley
Re: Practice Trade
August 26, 2014 12:45PM
I missed that one this morning, but congratulations to you for a very successful practice trade. Nicely done.
TCB
Re: Practice Trade
August 26, 2014 07:37PM
Thanks Robert, it would be nice to see a lot more of these.
Re: Practice Trade
August 27, 2014 03:10AM
Great example. Much appreciated!
Re: Practice Trade
August 27, 2014 08:57AM
Good trade! S/O and I was in EQIX. The spread was more than we usually accept so we have removed eqIX from our watch list. we made $ (+$560) but it was so slow I actually wathed paint dry.

Again good trade! thumbs up
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