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$AMZN Trade Setup: Christmas Gifts May Come Early - Get Ready

BotTrigger: TRADE WATCH $AMZN: Amazon is currently setting up for a lower pullback to what we expect to be closer near the $900 to $850 area. A pullback to the $900 area would represent a -16% pullback from peak to trough whereas a pullback to the $850 area would be a -21% pullback. If we can get near the reload zone (as shown in pic), we'll be rotating out of our existing common & moving into a much higher yielding call-spread.

Some of the greatest pearls shared by Jesse Livermore:

“Money is made by sitting, not trading.”

“The desire for constant action irrespective of underlying conditions is responsible for many losses in Wall Street even among the professionals, who feel that they must take home some money everyday, as though they were working for regular wages.”

“Buy right, sit tight.”

“Nobody can catch all the fluctuations.”

“There is a time for all things, but I didn’t know it. And that is precisely what beats so many men in Wall Street who are very far from being in the main sucker class. There is the plain fool, who does the wrong thing at all times everywhere, but there is the Wall Street fool, who thinks he must trade all the time. Not many can always have adequate reasons for buying and selling stocks daily – or sufficient knowledge to make his play an intelligent play.”

“It takes time to make money.”

“Don’t give me timing, give me time.”

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