A diary of one pessimist's journey to learn financial markets.

Friday, July 23, 2010

Trailing Stop on Amazon vertical

AMZN opened down 12% or so on disappointing earnings (revenues were on target but costs were up). My put vertical was probably profitable at the open, but by the time I checked markets, it was 1.15 in the red.

Not sure what the market in AMZN will do next, I am trying a trailing stop order of .25. At around 1 p.m. New York time, that's 4.54 (I paid 5.85). Maybe there will be late selling today and tomorrow and my trigger price will rise.

Update



No, AMZN pretty much stayed high and went higher, and the stop triggered five minutes after I placed it.

0 comments: