How to make money tracking High Priced Stocks

AMZN is 5th highest priced stock in market with very good liquidity. These stocks when they move move in 50 to 100 dollars plus swings in few days.
I was watching AMZN last week as it was about to form bottoming setup.

On that day it did not close near high. (This is why I wait till last 2 minutes to buy these kind of setups. If you buy early you can have stock reverse on you as happened in QCOM yesterday). However the next day it showed very good action near last 5 minutes. I was waiting and entered in last 2 minutes for 1745.79.

When I enter these setups near close I put stops next day before open. In this case my stop was 10 dollars.

Next day morning stock had a gap and kept going up and was up 28 dollar for the day. Stop was moved near close to protect half of days gains.

Yesterday stock again had a gap and I was watching to get out near a round number like 1790. When it came near that price I sold for around 1789 by 9.45. (I would have held this as swing for few days for potential 100 dollar profit per share. but due to my travel decided to take the money and run).

$4300 dollars profit on 100 shares for less than 2 day hold. 10 dollar stop would have been .57% risk.

Find trades with less than 2.5% risk that is my quest. High priced stocks anticipation/reversal often offers you that opportunity.
If you are serious about making money trading , track the top 50 high priced stocks. You can find multiple low risk opportunities like these in them.

Best site to learn to trade

If you are serious about your trading and want to build an enduring edge, the Stockbee Member site might help you.

Members tell me they have tried a lot of things before coming to my site, and it has offered them the most extensive and detailed methods to swing and position trade. Members range from very experienced traders to novices.

No advertising, no hard marketing, no promotions, no free offers, no affiliate marketing, no incentive to other bloggers to promote the site, no constant tweets self-promoting the site, and no tall claims. Every member comes through word-of-mouth recommendations from existing members.

As a member, you will learn the basics of swing trading, momentum investing, growth investing, and risk management. You will learn about Stockbee Momentum Burst breakouts, Stockbee Trend Intensity Breakouts, Stockbee Episodic Pivots Breakouts, Stockbee Lemonade Strategy for 401k, and many other member-shared methods.

You will learn how to set up your own scans, how to select the right kind of stocks, how to set up stops, when to enter, when to exit, how much to risk, how to track your trades, and all other details about trading.

You will learn about developing your own methods and not relying on others for trade ideas. Develop your own edge. Once you develop your own method, you will have a lifelong profitable method.

The site gives you an opportunity to interact with some of the most successful traders and learn from them about their trading methods. It is a vibrant community with members from different backgrounds and experiences willing to help each other. Members have shared their methods, scans, software, backtests, and market insights.

Every day, the emphasis is on continuous learning and upgrading of market knowledge and setup knowledge. The members range from hedge fund employees, financial advisers, active swing traders, investors, and new traders.

You will see that many trading bloggers have been using my market timing methods, scans, and chart templates. They have developed their own methods based on my methods.

Almost every member comes through a recommendation of some of the leading trading bloggers and trading sites. 80% or more members continue to be members for more than 3 years. Most tell me that they stay on because every day they learn so much from the members' site.

If you are looking to develop your own trading strategy, the membership site might be for you. You have to be willing to put in the effort to build your own method. There are no silver bullets offered on the members' site. Every method, every scan, every nuance is detailed, and all possible help is offered to design your own method.

404

Recent Articles