Why I Took Profit for Amazon at 201.36
This is my personal trading strategy and does not constitute financial advice. Please consult with a financial advisor before making any investment decisions.
Disclaimer: I am not a financial advisor and this is not financial advice. I am sharing my personal experience and opinion about my trading strategy for Amazon. All investment decisions should be made based on your individual financial situation and after consulting with a professional financial advisor.
Here's why I took profit for Amazon at 201.36:
My Cost Basis: My cost basis for Amazon was around 189.07, which means I had already made a profit of around 12.29 per share.
Technical Indicators: The technical indicators I was watching suggested that the stock was reaching a point of resistance and a potential pullback was likely. I saw a "sell" signal, which prompted me to take profit.
Risk Management: As a trader, I always prioritize risk management. Taking profit at a level where I had already secured a significant profit allowed me to reduce my risk exposure and preserve my capital.
Trading Strategy: My trading strategy focuses on identifying trends and momentum, and taking profit at key resistance levels. In this case, 201.36 was a significant resistance level for Amazon, and I believed it was a good opportunity to secure my gains.
Important Note: This was my personal decision based on my trading strategy and my risk tolerance. Your trading strategy and risk tolerance may be different, and it's essential to make decisions based on your own individual circumstances.
Remember, the stock market is volatile and unpredictable. Always consult with a financial advisor before making any investment decisions.
免责声明：上述内容仅代表发帖人个人观点，不构成本平台的任何投资建议。
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