[Bullish Setup] - Wynn Resorts (NASD: WYNN)

I have entered a long position in Friday 30th September to Wynn Resorts. I see a potential reversal to the previous swing high.

Entry: $101.89
Take Profit: $109.30
Stop Loss: $97.28

RRR: 1.61

As always, happy trading.

Cheers.

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August Trading Review

August was a pretty quiet month with only 1 trade. Made a loss of about $800 USD from shorting FedEx (FDX). Remember not to let losses discourage you from sticking to your plan. It is part of trading and one has to be able to deal with it in a rational manner. I refer you to one of my previous post about stop losses if you would like to read up more on my thoughts.

Hopefully September presents some interesting opportunities. I am also currently looking to short the S&P 500 as I believe it is in an overbought scenario. Will be keeping you guys updated.

Cheers.

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