Sunday, July 22, 2012

Wynn Resorts (WYNN)

BUY signal the week of 4.23.12 at $135.04. My first stop was $108.18, so my risk (R)/share was $26.86. Stopped out the week of 5.14.12 at $101.94. The percentage loss on this trade was -24.5% and the reward-to-risk ratio was -$33.10/$26.86 = -1.23.

The only thing that actually bothers me about this trade is the -1.23 reward-to-risk ratio. I should never take worse than a -1.0 R loss.  

History (beginning in 2003):
Winning Trades: 3 | 75.0% | +$38.71/share avg.
Losing Trades: 1 | 25.0% | -$33.10/share avg.
Average Trade: +63.8% | +$20.76/share | Reward-to-Risk (R): +1.31

No comments:

Post a Comment