Stock: Wynn - short 15 minute chart
Entry Point: 95.38 - low of candle 4
Stop: 95.82 - high of candle 4
Exit Goal: 94.48
Result: plus .12.. taken out 95.26
Not much to trade on Friday. Here small gain on WYNN. The green candle was a warning (and as I state in my business plan I want a gradual pullback , no strong counter candles) but after 2 red candles and off the 8sma was worth a shot. Got about half way to my exit goal
*
You don't have to trade everyday. If the conditions don't feel right or if
you're unsure of the current days trading environment then PASS on the trade.
Missed money is better than lost money. Day trading and the stock market
is not a "war" that you must win at all cost. Trading should be fun,
wait for only the good setups. Follow your rules, stick to your stops, and know
that everyday the market presents a new chess board.
No comments:
Post a Comment