Earthen WYNN, BCS, YUM

Today was very interesting as the Nonfarm Payrolls report was released prior to mkt open. The indices started selling off and I had already gotten stopped out of my long WYNN position (Grade: D). Then I went long BCS as it was holding near its OR bar high. I also decided to put on a short position in case the overall mkt was going to continue selling off. Found YUM breaking its OR bar to the downside.

BCS continued to rise as the markets sold off and quickly reached the 61.8 Fib extension. Then the markets turned around and started to rise. I saw my YUM short move back up and decided to cover at that point. Trade details can be found within each screenshot.

Overall it was a good day profitwise. I am still working on proper position sizing (esp. on the WYNN trade). OR bar was almost 1.5 points wide and should have only been entered with 100 shares, but I got caught up as that sucker was moving quickly. Next week proper position sizing will be the top area of focus. This week I was able to NOT trade the afternoons, which helped keep my P/L on the + side.








+595.00