Bought AMZN in after hours

[whodi]

7500 shares at 90.55

[whodi]

sold all 7,000 shares at 92.50 for a gain of 1.95. Easy money here fellas.

[whodi]

bought 5,000 shares at 91.90

[whodi]

sold all 5,000 shares at 93.50 for a gain of 1.60. Nice way to end a boring day.

[Goods]

Nice job Whodi. Saw it getting hit but I can't tell when the selling stops.
AAPL was the same way yesterday. Thought I got out with a nice gain only to see it go up another 7 points.

Any advice?

[whodi]

Originally Posted by whodi

sold all 7,000 shares at 92.50 for a gain of 1.95. Easy money here fellas.

All 7,500 shares, not 7,000.

[whodi]

Originally Posted by Goods

Nice job Whodi. Saw it getting hit but I can't tell when the selling stops.
AAPL was the same way yesterday. Thought I got out with a nice gain only to see it go up another 7 points.

Any advice?

I just saw a lot of the bids where starting to load up and after that fall, it seemed like a good entry point. I was going to give it a 1 point wiggle room being that it dropped so far already. Its hard to give advice as far as after hours trading because there are so many people panicing and licking there chops at the same time. You just have to watch it carefully and when you start seeing a reversal or divergence the other way, then load up and keep a TIGHT stoploss, especially with a big stock and high volume that can drop fast at any time. Also, look at AMZN on a 5 day chart, the low 90s have been short-term support.

[Goods]

Thanks man. I grabbed a modest $50 gain AH on AMZN. Wanted to get more experience using Level II so I went easy on shares.
Hard to get a feel AH without a chart to look at but it's coming along.

I like Alexander Elder's description of how people react to bad news.
Compares people to a frog. Throw a frog into boiling water and he'll jump out immediately after feeling the pain. But put him in a gradually up the heat, you can boil him alive. Same goes with bad news on stocks. People jump out when they feel the immediate pain. But losing a little at a time, people will stay in until they get cooked.

[whodi]

Nice analysis. How long have you been using level II. I am glad you have it now. Its hard to daytrade without level II, its almost going in blind folded even if you do have charts. I am curious as to why you weren't able to look at an afterhours chart as you were trading it. Does you site not offer it.

[Goods]

Apparently not. Didn't know it was offered anywhere. Anything after close stays in a minute chart range throughout. So I can see the high and low but not the movement. I'll eventually move brokers but that means learning new software with it. One thing at a time.

Just started with Level II a week or so ago. Not sure how to use it yet. Especially with heavy volume where it's jumping all over the place. Gonna get a book after I finish the one I'm on now.

Slow to grow right?

[whodi]

Yes Sir. Once you read about level II and you start using it more, its like having dialup and switching to cable modem.

[The Little Giants]

What Broker do you use Goods?

[Goods]

Scottrade Elite