If you want to make money trading shares or options of AMZN, you have to do one thing.
Unless you do this one thing first, there's no way you can make money with AMZN consistently.
Based on what I've seen here since 2004, shorts here don't do it. That's why they keep losing money.
Techstrategy is the most prominent example of shorts here who didn't do it. He got wiped out pretty quickly.
If I had puts now, I would hope no.
If I had calls now, I would hope yes.
Since I don't have either (I'm all cash), I don't care.
Actually, since I like buying calls on weakness, I'd like to see her dip a little so that I can buy calls cheap without much stress.
Hahaha . . .
If the US stock futures can stays flat (near unchanged) until the open.
They have dipped a little after going positive about 30 minutes ago. (7:11 a.m. EST)
That is more probable than $367.04 today.
The stock futures have recovered fully.
It feels like the worst (for now) is over.
Shorts had wet dreams. They never make money in real life.
The DOW futures are down 149.00 now (11:16 p.m. EST).
This market is rigged to the core.
They will take the market down.
How long and by how much? I don't know.
Glad to be all cash tonight.
. . . is withing the realm of possibility.
Either I'm getting better or AMZN is weakening. These days, I sell my calls near her highs of whatever time periods I'm concerned with at the time.
I should buy puts now.
Good luck to all.
After selling puts for a loss, I bought calls.
I sold the calls I bought yesterday for a small profit. I recouped almost all the loss I incurred from trading puts yesterday.
If I held on to those puts, I would have lost a lot more money.
How do you do it, shorts? I mean holding onto your losing position for over two (2) months?
You guys are incredible.
Shorts here have gotten bearish with their short positions.
They've started using the word "correction" for a little pull-back they expect to see instead of the word like "collapse."
Even they don't really think AMZN will collapse anytime soon.
Because they're a good contrarian indicator, AMZN may finally collapse.
Hahaha . . .
Well, they must have made hundreds of millions of dollars by screwing shorts after the last earnings report. They can afford to throw away their money. After all, it's come from the pockets of shorts. They don't care. When they run out of money to waste, they set up another short trap.
Hahaha . . . shorts, you've been financing their business.