I enjoy generating trade idea and yesterday I mentioned AMZN as a potential candidate. AMZN seek a good support and close well and form a pin bar. One could enter the trade today at high of yesterday bar, half of the body of yesterday bar and etc.. The lower you get in, the lower of price target for you to exit the trade. A general rule of thumb is to do a trade at least 1 to 2, which mean your target should be 2X larger than your stop. The stop could be set at the low of yesterday bar.
Remember, you only need to get it 40% right to be profitable in long term.
Stay safe and healthy~
