WYNN

Agreed, but a lot of traders love it. I couldn't believe the one stock that was mentioned on CNBC after the close yesterday was WYNN as it was hyped by actor Steve Guggenheim, a guest to the show. I was like WTF ?*>#$@??
 
syswizard said:
Agreed, but a lot of traders love it. I couldn't believe the one stock that was mentioned on CNBC after the close yesterday was WYNN as it was hyped by actor Steve Guggenheim, a guest to the show. I was like WTF ?*>#$@??
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As I've said before I never short a stock in an uptrend. Same as your other thread wanting to short XLB. Personally I think it is a bad idea. Some people make it work to trade a mean reversion system. But i have not been able to do it. You really need to study charts on your own and read much more to come up with your own system. Asking random yahoos on the Internet what they think about how you should risk your money is sure way to lose it.

Are you still in the short of WYNN?
 
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eganon69 said:
Asking random yahoos on the Internet what they think about how you should risk your money is sure way to lose it.
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Thats not necessarily true. We all have our own systems.... but soliciting input as to something one might have missed is an excellent strategy IMO. I for one have had my ass saved by "random yahoos" that pointed out things that I had missed. None of us are perfect nor are our systems. Sites like this makes you a better trader. Read the charter of ET.
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EliteTrader.com is a group of financial traders that help each other work through the tough and lonely journey of trading profitably. Our members learn faster, develop new relationships, and avoid costly mistakes through daily collaboration.

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Pretty much says it all imo.
 
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