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My best stock performance is Amazon Amazon is the largest online retailer company in USA. I've shopped at Amazon too. It is continence to order merchandises on internet. Amazon has "Cloud" memory to remember what items I prefer, analyze consumer's preference. My first entry was in Oct 20'18 before I went to Italy for 36 daus. I bought low prices. If you want to know WHY, it was because the RSI (Risk Strength Index) below 30. I sold small portion when RSI reached over 70, and bought back small portion when RSI under 30. At one highest holding I have 560 shares of Amazon. It was very painful holding, when this stock went "side way", from August 20'19 to Dec 20'19. I didn't buy or sell and wondering why investors don't like this stock. Held 560 shares of Amazon is a lot of money. On Feb. 11, 20'20, it went all-time high of $2,185.95. I sold 400 shares (each time 40 shares, sold 10 times). By that time, my pressure got released because I only had 160 shares with big profits. Then the entire stock market nosedived due to coronavirus spreading. I got money to buy more Amazon, when I saw its RSI was below 30. I think when people stuck at home can't go out to buy merchandises, they will go online shopping. Some Mutual Fund managers said Amazon hires 1,000 more employees to work, that was when Amazon fly higher sharply for 4 consecutive days. Yes, I sold my Amazon little by little till $2,300 but sold out all my holding before it reached $2,461. I am afraid the economy won't be as good as before virus spreading and people will short of money to buy stuffs online. I sold all my Amazon holding. If it went up or down is not my business anymore. I already took more than 1/4 million profits on Amazon. AMZN 2 years chart. You can see RSI (14) 72.77 which is over 70, so I sold. ====================================================================== My worst stock was Chipotle Mexican Grill (CMG). I bought at $400, it plunged to $247.51. I cut loss and lost lot of money. I delete it from my watching stock. One day I saw Chipotle went up to over $760. I was mad and started to short it plus buy put option. OMG, it went up to $940.28. I cut loss when it was $860. I double loss on this stock. I once again deleted this CMG forever.  Honesty is the best policy. |
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Amazon will report its earning on Thursday, April 30, after market closed. Honesty is the best policy.
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Some people are NOT interested in stock trading can skip this blog. However, I meant well for the people who want to make some profits legally. Warning: Amazon is a very volatile stock, be careful and have patient and discipline. When you see big stock RSI under 30, gradually buy some shares, when you see RSI over 70 sell it and took profits. I don't have AMZN currently. AMZN's P/E ratio is high as 103.18. Don't be greedy, don't be fearful. Honesty is the best policy.
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