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Strategic Profit-Taking: Selling Amazon and Preparing to Buy Bac$Amazon.com(AMZN)$  

Disciplined investing is about knowing when to take profits and when to prepare for the next opportunity. Today, I sold another batch of Amazon (AMZN) shares at $225.35, which I had purchased a month ago at $191. This trade resulted in a strong return, and I’m now planning to buy back at $218.50—around last Friday’s low—over the next few days. 💰

📉 Buying Amazon at $191

A month ago, Amazon’s stock presented an attractive entry point at $191 during a pullback. This price aligned with key support levels and reflected a temporary market correction in an otherwise robust stock. By recognizing this opportunity and acting decisively, I positioned myself for future gains. 🛒

📈 Selling at $225.35

Today, as Amazon’s price climbed to $225.35, I saw an excellent opportunity to lock in profits. This level represented a significant resistance zone, making it an ideal selling point. Taking profits at this stage not only secured a strong return but also created flexibility for re-entering at a better price if the stock retraces again. 🚀

📊 Looking to Buy Back at $218.50

Now that I’ve exited at $225.35, my focus shifts to re-entry. Last Friday’s low of $218.50 presents a potential buying opportunity in the next few days. This approach highlights the importance of patience and timing in maximizing returns, as it allows me to capitalize on both price fluctuations and market sentiment. 💡

Key Takeaways

1️⃣ Buy on Dips: Identifying and acting on price pullbacks, like buying at $191, minimizes risk and enhances upside potential.

2️⃣ Sell Strategically: Locking in gains near resistance levels ensures profits without holding through potential reversals.

3️⃣ Prepare for Re-entry: Planning to buy back at $218.50 reflects a disciplined approach to maximizing long-term returns.

This cycle of buying low, selling high, and planning for re-entry reinforces a sustainable strategy that adapts to market

@TigerStars @TigerTradingNotes @CaptainTiger