Friday, February 17, 2012

What we look for

Thought I'd post a quick chart of the perfect trade (that I unfortunately missed).
AMZN 5 minute chart, started this channel yesterday and it's just out of steam all around. So I was waiting for this break. At the end of the first bar that broke the upward trend the expiring puts were .57. 10 minutes later, they were 1.35. 136% gain. I am kicking myself as I had the order ready to go then switched windows to alert some friends in chat and boom, missed it.

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