RE: Just Used Bitcoin to Make Money Trading Amazon (AMZN) - I Love The Cryptocurrency Era!

[joejustjoe]

I'll take the otehr side of this trade. :-)

It will likely trade back up thru $1000 again so just for fun I will open a limit to short 1 share at a limit of $1000bid...spot dead on. :-)

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=amzn&x=37&y=20&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9

I will hold my short for AMZN $945 asked...spot dead on. Let me know how I did. :-) I "might" adjust my target lower from there.

Comments

[scaredycatguide]

I think getting short after a push through 1k is the right idea. The stock is so extended and 1k became a magnet. It's overbought like a mofo right now. Odds are in your favor!

[joejustjoe]

Yeah, I did say limit to short at $1000 bid. Not there yet. It could easily punch $5 higher than that but I'm trying to pick an easy number to remember. :-)