Today we take a look at a few trades from fellow student Yountske. He trades AMZN quite often and starts his analysis on the 15 minute time frame. He lets us know that he builds into positions vs just going full size right away. Since AMZN has a decent spread he usually tries to get a fill at the midpoint. We watch him work into his position as AMZN goes against him at first. He was able to scale out ¼ for profit but then the position went against him. After having a bad feeling about it, he closed his trade for about 50% of what his max loss was based on his stop loss. Turns out that feeling was correct as AMZN proceeded to breach his initial stop loss.

Yount then reversed his position and bought puts in a second trade when it broke the cliff point he used as a stop loss initially. This one had the potential to be a home run but he cut it off early for a very small gain.

He then proceeded to place a 3rd trade based on another cliff point that broke. This time he properly scales out and lets his winner really work for him.

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