The Long Investor
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$AMZN TOP 20
🕑 Added 2025-03-18 15:19:13 +0000 UTC$AMZN is at the important blue line which we know has been a resistance/support level since March '24 and has been on the chart since then.
I think this level needs to hold or we are getting a test of the 0.38 Fib at $181 which is looking like Wave A for me.....because very clearly on the chart we can see a retest of the 200 Day MA from below at $200, followed by a rejection and then a lower low.....this is something we will be watching for on the $SPY chart too.
$AMZN is a big position for me and I have not trimmed yet, but if Wave A is nearly complete for me, then I will be looking at trimming my position when Wave B completes its bounce and rejects.
Comments
Kyle Davis
We trim to secure profit and compound gains. In theory, taking that profit and re-entering at a lower price will compound the gain. But yes, other opps too forsure. Cap has constant cashflow, so his strat can be different than yours.
pawk
you can start with this one https://www.patreon.com/posts/113279747?utm_campaign=postshare_fan
pawk
read available lessons bro
C-Dub
Thanks! So my question is, if we're long term why trim? Are you looking at other opportunities or tickers? Or are you waiting for it to fall more to get back in? The reason I ask this question is because I was up 40% on my long term hold on AMZN and now that's down as the price has come down and I've also added more to my position. My last question is, if we're holding long term would it be wise to trim when the market and AMZN is at ATH?
Gareth Neary
Yes indeed
Kyle Davis
Yes, C-Dub. He might not get to it though, these chats channels flood. What's your q?
C-Dub
I'm new here and I have a question about your post. Do I ask it here?
