In this webinar we have on fellow CTU member, RDTrader12, showcasing his AMZN trade on the 5 minute chart. RD utilizes options to trade this high priced stock and walks us through his process for finding this trade. After setting up the context for not just AMZN but the entire market, RD walks us through how he uses limit orders to get in between the wider option spreads to help reduce his risk (instead of just paying at the ask). Because RD bought so far out of the money, even with the price moving in his favor, he did not gain too much at first but as you see the chart progress we can see this turned into a great follow through. Utilizing his top down analysis which he does periodically during the week, he had already established levels of support and resistance from multiple time frames and notices it is colliding with one from earlier in the week. Using a moving average to trail his winner, he carries this one until the chart tells him otherwise while scaling out and taking profit along the way. This is a perfect example of letting your winners WORK for you and having a method to trail your winners to squeeze as much profit out as you can.

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