johnpaulca
12,036 posts
msg #137193
- Ignore johnpaulca |
7/31/2017 10:52:57 AM
Buyers will try today to get it back to $1006.36...support at $990
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karennma
8,057 posts
msg #137194
- Ignore karennma |
7/31/2017 11:02:26 AM
B AMZN 1000.97
Couldn't help myself.
I'm a sick dog!
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karennma
8,057 posts
msg #137195
- Ignore karennma |
7/31/2017 11:03:26 AM
I AM a sick puppy.
I need help.
I don't know why I did that.
sigh ...
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Mactheriverrat
3,136 posts
msg #137197
- Ignore Mactheriverrat
modified |
7/31/2017 11:15:36 AM
I'm out with AMZN -
Got fed up chasing a falling knife.
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Kevin_in_GA
4,599 posts
msg #137199
- Ignore Kevin_in_GA |
7/31/2017 12:00:57 PM
Is anyone here trading an AMZN-specific system, with well defined entry and exit criteria and a decent backtest result?
It looks like the answer is NO. Here is what I will do - right after posting I will open up Stratasearch, import AMZN price data, and run a simple OneClick setup on data from the last 4 years or so. I'll post the result here later today. You can see the results and note how quickly I completed this - then consider using better tools and strategies going forward.
Please - no flaming here. I am trying to help and will share the results with everyone. Hoping it will help you make money, not mistakes.
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Mactheriverrat
3,136 posts
msg #137200
- Ignore Mactheriverrat |
7/31/2017 12:05:06 PM
Maybe short AMZN -
IMHO!
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karennma
8,057 posts
msg #137201
- Ignore karennma |
7/31/2017 12:19:40 PM
Kevin_in_GA
4,358 posts
msg #137199
- Ignore Kevin_in_GA 7/31/2017 12:00:57 PM
Please - no flaming here. I am trying to help and will share the results with everyone. Hoping it will help you make money, not mistakes.
==========================
THANKS, Kevin.
When I read that the current edition of SS was discontinued and being offered for FREE, I went to take a look, but then I saw a post where someone said they went thru the "400 paged manual" ... (eyeroll) -- so, bleh.
So, again, THANK YOU.
NO flaming here!
:>)
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karennma
8,057 posts
msg #137204
- Ignore karennma |
7/31/2017 12:36:47 PM
On thing that is really ticking me off is, and NEWBIES should be aware of this, indicators reset themselves. They retrace, with price.
So, let's say your indicators (and there are many) indicate a bottom on July 24th. Those indicators can reset and go lower 2 days later -- lower than the previous low. Next thing you know, the stock is re-correcting and your long position is SOL.
I believe this is why JP has mentioned numerous times that you can't just count on indicators.
HOW MANY TIMES has CMG hit a low (or bottom), and then another low and another ... or TSLA.
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Mactheriverrat
3,136 posts
msg #137208
- Ignore Mactheriverrat |
7/31/2017 1:20:51 PM
Out when I did-
Out with a PROFIT-
Doesn't look like the bottom correction yet for AMZN
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karennma
8,057 posts
msg #137209
- Ignore karennma |
7/31/2017 1:22:27 PM
@ Mac,
I KNOW you're happy! LOL!
Congrats!
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