Earlier in the week I wrote about a position I put on in WYNN. Entry was 81.62. Took 1/2 off today at 86.70 and moved the stop to break even. I still like it for a move to around the 95 area, but I never hurt myself taking a profit. Now that I have some profit, if the market agrees with my analysis, I can participate to the upside, if the market disagrees it was still a decent trade. The best lesson I can teach you is this: THE MARKET IS NEVER WRONG!Friday, April 9, 2010
Position Update, WYNN
Earlier in the week I wrote about a position I put on in WYNN. Entry was 81.62. Took 1/2 off today at 86.70 and moved the stop to break even. I still like it for a move to around the 95 area, but I never hurt myself taking a profit. Now that I have some profit, if the market agrees with my analysis, I can participate to the upside, if the market disagrees it was still a decent trade. The best lesson I can teach you is this: THE MARKET IS NEVER WRONG!
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