Ron takes us through the setup in $AMZN and how he took advantage of the breakout off the open on June 10th, after the CPI numbers were out of the way. (This is a short clip from one of the two weekly members-only webinars.)
Note how Ron approaches the trade setup first with technical analysis, then switches to reading the tape for confirmation on the entry. The consolidation in $AMZN made it ripe for a violent move. For the exist, again, technical levels are utilized. Ron teaches that entire approach in the Trading the Post strategy.
The Scalp Trade
Ron bought this week’s 3260 call options for an average pice of $20.13 right off the open. Then took profit, selling for $40.24 – merely 11 minutes later.
Ron Friedman trades every day with our members in the Trading the Post chat room, tirelessly coaching, teaching – and sharing decades of market experience.
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