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Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 234.37+0.2%Dec 2 3:59 PM EST
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To: Skeeter Bug who wrote (7296)6/24/1998 2:24:00 AM
From: Bilow  Read Replies (2) of 164684
 
Hi Skeeter Bug; About that 13/32 I pulled out of AMZN
today...

You have to remember it was pretty much risk free,
since I was just beating the momentum players into
new all time highs. Professional traders have a saying:
"Missed money is better than Lost money." Which means
don't cry over trades you didn't make. I only make trades
where I can convince myself I have some edge over
random chance.

I would love to have a system of trading AMZN that would
get me into all day moves, in at the bottom and out at the
top. The problem is that I haven't figured out such a system
yet. They only system I've got is basically scalping into new
all time highs. (P.S. If you have some more ideas, please
share...)

And hey! I made more per minute of market exposure
than average. If it had gone up 13/32 every 8 minutes
for the 6.5 hour trading day, it would have gone up
somewhat more than it did:

13/32 * 390minutes/8minutes = 19 3/4.

One of the problems with trading AMZN is that I
have to watch it every second. This prevents me from
getting involved in any other trades. There are much
safer stocks to trade, and I miss opportunities in them
if I have an AMZN trade running. (Plus I have to change
my underwear if I own the stock more than 5 minutes... :)

-- Carl
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