{"id":3593,"date":"2010-02-01T19:58:48","date_gmt":"2010-02-02T00:58:48","guid":{"rendered":"http:\/\/www.smbtraining.com\/blog\/?p=3593"},"modified":"2010-02-01T19:58:48","modified_gmt":"2010-02-02T00:58:48","slug":"trade2hold-exit-amzn","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/trade2hold-exit-amzn","title":{"rendered":"Trade2Hold Exit- AMZN"},"content":{"rendered":"<p>Today during our AM meeting we highlighted AMZN and the 123 level as a shorting opportunity. \u00a0This turned out to be a wonderful intraday trading opportunity. \u00a0 As intraday traders gravitate towards a longer holding period, for us Trades2Hold, set ups like AMZN must be mastered.<\/p>\n<p>AMZN had earnings Thursday night, gapped up on Friday, and then sold off for most of the day. \u00a0So coming into today a follow through on weakness was very possible. \u00a0AMZN gapped down today as news broke that led some market players to feel skittish about AAPL&#8217;s ability to gain traction in the e-book market. \u00a0 We saw below 123 as a Trade2Hold opportunity.<\/p>\n<p>AMZN violated 123. \u00a0I started a core short position. \u00a0Often I am asked about exit strategies for Trades2Hold. \u00a0Reasons might include:<\/p>\n<p>a) the market\u00a0substantially\u00a0changes<\/p>\n<p>b) a huge buyer will not allow AMZN to trade lower<\/p>\n<p>c) the intraday downtrend is broken<\/p>\n<p>d) breaking news hits (Goldman upgrade for example)<\/p>\n<p>e) long term support is found<\/p>\n<p>f) your price target is met<\/p>\n<p>g) the seller or selling pattern\u00a0dissipates.<\/p>\n<p>You must develop your reasons that make sense to you as to how you would exit a Trade2Hold like AMZN above. \u00a0For me, today I chose door number C. \u00a0 \u00a0I held a small core short until the intraday downtrend was broken.<\/p>\n<p>For intraday traders who are struggling develop your Trades2Hold that make sense to you.<\/p>\n<p>Best of luck with your trading!<\/p>\n<p><a href=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/amzn-downtrend.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-3595\" title=\"amzn downtrend\" src=\"http:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/amzn-downtrend-300x213.png\" alt=\"\" width=\"300\" height=\"213\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/amzn-downtrend-300x213.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2010\/02\/amzn-downtrend.png 500w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today during our AM meeting we highlighted AMZN and the 123 level as a shorting opportunity. \u00a0This turned out to be a wonderful intraday trading opportunity. \u00a0 As intraday traders gravitate towards a longer holding period, for us Trades2Hold, set ups like AMZN must be mastered. AMZN had earnings Thursday night, gapped up on Friday, and then sold off for &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/trade2hold-exit-amzn\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":144,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[228,604,30,18,362,605],"class_list":["post-3593","post","type-post","status-publish","format-standard","hentry","category-general-comments-2","tag-amzn","tag-exit","tag-prop-trading","tag-smb-capital","tag-trade2hold","tag-trades2hold","no-post-thumbnail"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Trade2Hold Exit- AMZN | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/trade2hold-exit-amzn\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trade2Hold Exit- AMZN | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Today during our AM meeting we highlighted AMZN and the 123 level as a shorting opportunity. \u00a0This turned out to be a wonderful intraday trading opportunity. \u00a0 As intraday traders gravitate towards a longer holding period, for us Trades2Hold, set ups like AMZN must be mastered. AMZN had earnings Thursday night, gapped up on Friday, and then sold off for ... 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