Trading the Post
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Wall St. JesusSang Lucci
December 6, 2021

$AMZN Scalp – Trade Breakdown

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.)

The Setup

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.
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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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