$AMZN Is Noise Until It Expands
Here comes the real test for $Amazon.com(AMZN)$
Rooting for the bulls to break through this level 🤝
I’m still sitting this one out for now
I’m not trying to make money on the next trade. I’m trying to follow my system. The edge comes from consistency, not one setup. Sticking to the system matters more than what happens next.
Nothing bad happens from missing a trade.
With AMZN, I don’t lose money by sitting this out. I’ve got ~50 positions on and there’s always another opportunity.
Worst case, it rips and I miss it.
Best case, it pulls back and I get a better entry.
Win win for me.
Any stock with heavy compression is usually going to underperform with my system
MBX doesn’t do well in sideways, low movement environments, and AMZN has been stuck in that kind of range for the past couple years
It really thrives when there’s expansion
Either a strong breakout or a strong sell-off
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
